Social Security Checks to Rise 2.3%
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Payments to Social Security recipients and most federal retirees will increase 2.3 percent in January. It is the smallest cost-of-living adjustment since 2003, reflecting a lower rate of inflation.
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US interest rates are expected to rise by a quarter percentage point to 2.25% following a US Federal Reserve meeting later on Tuesday.
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NEW YORK - In a widely expected move, the Federal Reserve (search) Tuesday raised its target for the federal funds rate by 25 basis points to 1.75 percent, its third rate increase in a row.
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WASHINGTON -- Interest rates on short-term Treasury securities rose in yesterday's auction. The Treasury Department sold $21 billion in three-month bills at a discount rate of 1.86 percent, up from 1.77 percent last week.
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Massachusetts workers can expect merit pay raises of 3 to 4.5 percent this year, up slightly from last year, according to a new survey.
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The US Federal Reserve raises interest rates to 2.25%, the fifth increase this year.
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Pay for members of the armed forces will rise by 2.6% from April, the Defence Secretary has announced.
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The number of Americans filing new  claims for jobless benefits rose a slightly less-than-expected  3,000 last week, a government report showed on Thursday, but  remained at levels indicative of a healthy job market.
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The minimum wage in the US will rise by $2.10 per hour, the first rise in a decade, after a vote by the US Congress.
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U.S. employment costs rose by  slightly less than expected in the third quarter this year, up  0.9 percent, as benefit costs posted their smallest rise since  early 2002, a government report showed on Friday.
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As expected, the central bank raised the federal funds rate on overnight loans by a quarter point, to 2.25 percent.
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Most seniors will have to pay 5.6 percent more for basic Medicare coverage next year, officials announced yesterday. But premiums for more affluent beneficiaries will increase by as much as 83 percent, because the federal government for the first time will require wealthier people to pay more.
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WASHINGTON -- Interest rates on short-term Treasury securities rose in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 1.515 percent, up from 1.470 percent last week. An additional $17 billion was sold in six-month bills at a rate of 1.750 percent, up from 1.725 percent.
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The Bush administration stepped up its attempt to build support for restructuring Social Security yesterday, saying in a Treasury Department report what it has said elsewhere: that the popular program will require either tax increases or cuts in benefits to remain viable in its current form.
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Bulgaria's National Bank said it was raising its base interest rate to 2.37% from 2.36% effective Wednesday.
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Healthy business investment helped the U.S. economy grow at a revised 3.8 percent annual rate in the second quarter, slightly less than previously thought because of brisker demand for foreign goods and services, the Commerce Department said on Thursday.
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Another quarter of double-digit growth for Paychex is in the books.