Employers are likely to offer their workers only modest pay hikes in 2027, according to a new estimate. Salary increases next year are forecast to average 3.5%, including merit raises, cost-of-living adjustments, promotions and other pay increases, Marsh, a professional services firm, found in a survey of 1,000 U.S. organizations. “2023 was the high-water mark…
American workers’ wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years. The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price…
The South Korean and U.S. militaries have agreed to shorten their drills at the United States’ request, officials for both nations acknowledged Wednesday, days after President Trump ordered cuts to the exercises. The allies’ summertime Ulchi Freedom Shield exercises began Monday morning for an 11-day run, just after Mr. Trump ordered they be scaled back….
With U.S. inflation easing for two consecutive months, older Americans and other Social Security recipients may see a smaller cost-of-living adjustment for 2027 than was forecast earlier this year, according to two new estimates published Wednesday. The 2027 COLA is now projected at 3.6%, based on the July Consumer Price Index figures released on Wednesday,…
Washington — President Trump on Thursday signed two executive orders in his latest effort to refuse citizenship to some children born in the United States, after the Supreme Court struck down his earlier executive order aiming to end birthright citizenship. “We had a very unfortunate decision in the Supreme Court concerning birthright, it was close,”…
Italy placed all of its major cities under the highest heat alert Thursday as a blistering heat wave gripped Europe. The heat has set a national temperature record in Austria, fueled wildfires in France and disrupted energy and transport systems across the continent. Temperatures have climbed to above 104 degrees Fahrenheit in several countries, prompting…
Washington — The Senate is set to move ahead Monday with a plan to keep the government funded beyond the midterm elections as lawmakers work to avoid another costly shutdown this fall. Senate appropriators unveiled the continuing resolution on Sunday, which would keep the government funded at current levels, with some exceptions, through Dec. 11….
Washington — Another deadline to fund the government is looming this fall in Congress, with members fresh off a series of shutdown fights that have left them eager to avoid another costly impasse ahead of the midterm elections. But as lawmakers warn about the coming funding cliff, they have yet to agree on a path…
