payroll

Vance announces about 870,000 people suspected of defrauding COVID-era programs barred from future federal loans

nglobix@gmail.com6 days ago08 mins

Kansas City, Missouri — Vice President JD Vance announced Monday the Trump administration will suspend roughly 870,000 people suspected of defrauding pandemic-era small business programs from receiving future federal loans. The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs. “If you screwed the…

See the U.S. cities where worker pay is rising fastest

nglobix@gmail.com2 weeks ago02 mins

The U.S. has many economies, not just one. Consider how much the gains in worker pay can vary from city to city. Nationwide, workers in August got a 4.7% bump in gross pay compared to a year ago, while their base pay rose by an average of 3.2%, according to ADP Pay Insights. Yet wages…

August jobs report shows U.S. added 162,000 jobs, more than double economists’ forecasts

nglobix@gmail.com2 weeks ago01 mins

U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…

Bill Gates issues stark warning about AI’s impact on American jobs

nglobix@gmail.com4 weeks ago03 mins

Bill Gates is sounding the alarm about artificial intelligence, warning in a new essay that the technology will rapidly transform the U.S. labor market and put millions of jobs at risk. AI is changing the economy much faster than previous technological revolutions, advancing at what the Microsoft co-founder called a “mind-blowing rate” and leaving less…

Pandemic-era inflation left millions of workers with a lasting pay cut. Now it’s happening again.

nglobix@gmail.com1 month ago04 mins

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…

Politics

Full transcript of “Face the Nation with Margaret Brennan,” Aug. 9, 2026

nglobix@gmail.com1 month ago047 mins

On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Sen. Bill Cassidy, Republican of Louisiana Sen. Bernie Sanders, Independent of Vermont National Institutes of Health Director Dr. Jay Bhattacharya Nicole Sganga, CBS News homeland security and justice correspondent Click here to browse full transcripts from 2026 of “Face the Nation with…

1786288973 cbsn fusion open this is face the nation with margaret brennan aug 2 2026 thumbnail

Transcript: Sen. Bill Cassidy on “Face the Nation with Margaret Brennan,” Aug. 9, 2026

nglobix@gmail.com1 month ago016 mins

The following is the transcript of an interview with Sen. Bill Cassidy, Republican of Louisiana, that aired on “Face the Nation with Margaret Brennan” on Aug. 9, 2026. MARGARET BRENNAN: Good morning, and welcome to ‘Face the Nation.’ Both the House and the Senate are now gone for the summer, but we begin with one…

July jobs report reveals unexpected loss of 23,000 jobs, missing economists’ forecasts

nglobix@gmail.com1 month ago03 mins

The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. The Labor Department also revised down the May…

Bessent says Trump admin. is cracking down on undocumented immigrants’ use of U.S. financial system

nglobix@gmail.com2 months ago04 mins

Treasury Secretary Scott Bessent says the Trump administration is moving quickly to crack down on criminal enterprises, cartels and undocumented immigrants using the U.S. financial system for their payroll schemes, illicit financing and other fraud. In remarks to Arizona bankers Thursday, Bessent said, “This administration will not tolerate blatant abuse of our financial system, nor…

Job cuts plunge to a 2-year low despite AI fears, economic shocks

nglobix@gmail.com2 months ago02 mins

Layoffs across the U.S. in July fell to their lowest level in two years, new data shows, a sign that the labor market remains resilient despite the impact of inflation driven by the Iran war and artificial intelligence. Employers announced 33,429 job cuts in July, down 46% from a year ago, according to outplacement firm…