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The White House will propose a 0.5 percent pay increase for civilian federal employees as part of its 2013 budget proposal, according to two senior administration officials familiar with the plans. The modest across-the-board pay jump would be the first increase for federal workers since before a two-year freeze began in late 2010. Raises for within-grade step increases and promotions have continued during the freeze. The proposal, which requires congressional approval, differs from Republican plans supported by lawmakers and presidential candidates that would freeze basic pay rates for one more year. Some of those plans also call for denying within-grade...
Published on Thursday 9th of February 2012 05:32:52 PM
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The Obama administration delayed asking Congress to raise the U.S. debt ceiling by $1.2 trillion after congressional leaders objected to the time frame. The White House said the delay won't affect the nation's creditworthiness, The Washington Post reported.Under the request the administration originally planned to submit Friday, Congress would have had 15 days to disapprove the request or else the debt ceiling automatically would have been raised from $15.2 trillion to $16.4 trillion.Congressional leaders, however, objected to the timeline, saying it would have been difficult for lawmakers to vote on the measure. The House doesn't return until Jan. 17 and...
Published on Thursday 9th of February 2012 05:32:52 PM
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Wage Floor Is Increasing in 8 States in New YearBy CATHERINE RAMPELL Published: December 23, 2011 Eight states will ring in the New Year with a higher minimum wage, under state laws that require wage floors to keep apace with inflation. San Francisco, one of the few cities that sets its own minimum wage above the federal level, is also raising wages for the lowest-paid workers in the new year. It will become the first big city in the country to require companies to pay their workers more than $10 an hour. The minimum wage increases in Arizona, Colorado, Florida,...
Published on Thursday 9th of February 2012 05:32:52 PM
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What Is The Best Country In The World For Americans To Relocate To In Order To Avoid The Coming Economic Collapse?December 8, 2011 Millions of American citizens have already left the United States in search of a better life. As the economy continues to crumble and as our society slowly falls apart, millions of others are thinking about it. But moving to another country is not something to be done lightly. The reality is that there are a vast array of social, cultural, economic and safety issues to be considered. If you have never traveled outside of North America, then...
Published on Thursday 9th of February 2012 05:32:52 PM
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California State University trustees are proposing a 9 percent hike in undergraduate tuition beginning with the fall 2012 semester, unless the state gives the system more money. It would be the ninth basic fee increase in nine years for the nation's largest university system, which says higher tuition is the only way to keep up with rising enrollment and declining state support. "Our options are severely limited," CSU Chancellor Charles B. Reed said in a Monday morning news conference. "The state needs to step up and assume its historic role as the primary funder of the university." The $498 increase...
Published on Thursday 9th of February 2012 05:32:52 PM
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WASHINGTON -- The cost of traveling is going to increase next week for drivers who use certain local bridges or toll roads. Maryland is raising tolls on most tunnels and bridges starting Nov. 1, with the exception of the new Intercounty Connector (ICC). The increases will vary. For example, cash rate tolls on the Harry Nice Bridge from Maryland into Virginia will climb from $3 to $4, while the cash rate on the Chesapeake Bay Bridge will rise from $2.50 to $4. The toll increase also comes with a new system for penalizing those who don't pay. Harold Bartlett, executive...
Published on Thursday 9th of February 2012 05:32:52 PM
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ANNAPOLIS — A Maryland commission recommended Tuesday that the state raise its gas tax by more than 60 percent over the next three years, but members acknowledged that taxpayers facing a dire economy could find the increase hard to swallow. The proposed hike, approved by the state-appointed Blue Ribbon Commission on Maryland Transportation Funding, would raise the gas tax on wholesalers by 5 cents a year for three years, from the current rate of 23.5 cents per gallon. The move could generate nearly $500 million in annual revenue and is part of $870 million in annual tax-and-fee increases recommended by...
Published on Thursday 9th of February 2012 05:32:52 PM
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Social Security recipients will get a raise in January — their first increase in benefits since 2009. It's expected to be about 3.5 percent. Some 55 million beneficiaries will find out for sure Wednesday when a government inflation measure that determines the annual cost-of-living adjustment is released. Congress adopted the measure in the 1970s, and since then it has resulted in annual benefit increases averaging 4.2 percent. But there was no COLA in 2010 or 2011 because inflation was too low. That was small comfort to the millions of retirees and disabled people who have seen retirement accounts dwindle and...
Published on Thursday 9th of February 2012 05:32:52 PM
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Gasoline price in Jasper County, Indiana jumped 26 cents a gallon between 8am and 1pm on Thursday, 13 Oct 2011
Published on Thursday 9th of February 2012 05:32:52 PM
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The cost of health insurance for many Americans this year climbed more sharply than in previous years, outstripping any growth in workers’ wages and adding more uncertainty about the pace of rising medical costs. A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health insurance on a yearly basis, shows that the average annual premium for family coverage through an employer reached $15,073 in 2011, an increase of 9 percent over the previous year. “The open question is whether that’s a one-time spike or the start of a period of higher increases,” said Drew...
Published on Thursday 9th of February 2012 05:32:52 PM
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