-The Washington Post
The decline in jobs paying less than the new minimum wage is offset by an increase in those paying more. Jobs further up the pay scale are largely unaffected, as economists would expect – the minor fluctuations beyond $4 above the new minimum wage are not statistically significant, the study found.
Traders attributed Friday’s market decline in part to the wage data and all the bonuses flowing out after the tax cut plan, stoking fears of inflation.
– The Washington Post
It was another crazy news week, so it’s understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year. That’s almost double what the government borrowed in fiscal year 2017.
Marco Rubio is starting to strategize with Ivanka Trump to win over skeptical Republicans on a traditionally Democratic issue: paid family leave.