Fed says it could begin ‘gradual tapering process’ by mid-November
Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday.The meeting summary indicated members feel the Fed has come close to reaching its economic goals and soon could begin normalizing policy by reducing the…
Social Security cost-of-living adjustment will be 5.9% in 2022, biggest annual hike in 40 years
The Social Security cost-of-living adjustment will be 5.9% in 2022, the Social Security Administration announced Wednesday.The 5.9% COLA will be the biggest boost to Social Security beneficiaries’ checks in about 40 years.In 2021, the Social Security COLA was 1.3%. The last time the annual adjustment came close to the 2022 figure was in 2009, when…
U.S. Secretary of Education Miguel Cardona says Texas Gov. Greg Abbott is wrong to ban Covid vaccine mandates
Greg Abbott, governor of Texas, speaks during a news conference in Mission, Texas, on Wednesday, Oct. 6, 2021.Sergio Flores | Bloomberg | Getty ImagesU.S. Education Secretary Miguel Cardona said that he disagrees with Texas Gov. Greg Abbott’s move to ban nearly any coronavirus vaccine mandates in the state.That’s because the move will affect children in…
