Democrats’ push to raise the nation’s minimum wage has taken a backseat recently to crises in the Middle East and elsewhere, but President Obama on Saturday resumed the effort and accused Republicans of not caring about the standard of living of average Americans.
Business & Economy
The country’s largest labor union won’t endorse any Democrat who has the same economic team as President Obama and won’t be getting behind Hillary Rodham Clinton early in the 2016 presidential race, AFL-CIO President Richard Trumka said Thursday.
When Shelly Sterling was approached by former Microsoft CEO Steve Ballmer about buying the Los Angeles Clippers, the wife of disgraced team owner Donald Sterling did not know who he was. But in short order she convinced him the team was worth an unprecedented $2 billion.
Federal researchers next week will start testing humans with an experimental vaccine to prevent the deadly Ebola virus.
President Obama is poised to notch the lowest deficit of his six-year tenure at just more than a half-trillion dollars, reflecting slow but steady progress he and Congress have made on cutting annual spending. But the Congressional Budget Office said Wednesday that the long-term problems remain with entitlements such as Social Security and the major health care programs, which will send deficits soaring back toward $1 trillion within a decade.