Mar 18 Watch 4:25 News Wrap: Fed opens possibility of interest rate hike By PBS News Hour In our news wrap Wednesday, the Federal Reserve said it was open to raising interest rates, but the job market must improve and inflation has to move closer to 2 percent for a rate hike. Also, gunmen attacked Tunisia’s National… Continue watching
Mar 18 Watch 9:02 The American Dream is alive in the Twin Cities, but not for everyone By PBS News Hour Continue watching
Mar 18 Somewhere between patient and impatient, Fed looks to June rate hike By Simone Pathe At its March policy meeting, the Federal Open Market Committee refused to lay out a time table for raising interest rates, with Janet Yellen saying that a June rate hike is possible but not definitive. The Fed's economic forecasts, however,… Continue reading
Mar 18 Guess who really pays for your Medicare By Philip Moeller As Congressional leaders grapple with a possible permanent solution to Medicare cuts to physicians, Making Sen$e Medicare columnist Philip Moeller delivers a little tough love about the role that Medicare beneficiaries play in the nation’s expanding "entitlement deficits."… Continue reading
Mar 17 Watch 4:04 What House Republicans hope next year's budget will look like By PBS News Hour House Republicans revealed their 2016 budget plan, pushing for deep cuts to lower the deficit, while preserving defense spending. What are the political calculations behind the proposal? Political editor Lisa Desjardins joins Gwen Ifill for a look at the priorities… Continue watching
Mar 17 France, Germany and Italy to join China-led bank against U.S. wishes By Shehryar Nabi France, Germany and Italy said on Tuesday that they would become founding members of the Asian Infrastructure Investment Bank (AIIB), a proposed development bank spearheaded by China, despite U.S. discouragement from doing so. Continue reading
Mar 17 Why you shouldn't expect wages to rise any time soon By John Komlos For months, the thorn in the side of otherwise sunny jobs reports has been sluggish wage growth. As unemployment falls, wages are supposed to rise. Those expectations will likely play a role in the Fed's policy deliberations this week. But… Continue reading
Mar 17 GOP proposes $3.8 trillion budget that boosts defense, overhauls Medicare By Andrew Taylor, Associated Press WASHINGTON — House Republicans on Tuesday unveiled a $3.8 trillion budget plan for next year that effectively breaks tight budget limits on military spending while promising a familiar roster of big cuts to social programs such as food stamps and… Continue reading
Mar 16 Am I receiving extra Social Security credit for my military service? By Laurence Kotlikoff Social Security expert Larry Kotlikoff clarifies which veterans are eligible for "special extra earnings" from Social Security for their military service and explains how to check if they're receiving those extra credits on their records. Continue reading
Mar 14 USDA: Strain of highly contagious bird flu detected in Kansas By Daniel Costa-Roberts The U.S. Department of Agriculture has announced that a strain of highly contagious bird flu was detected in a poultry flock in Leavenworth County, Kansas, the latest flare-up in a multistate outbreak threatening U.S. poultry producers. Continue reading