economy
PennDOT, Norfolk Southern reach agreement on expanded Amtrak service to Pittsburgh
The state of Pennsylvania and Norfolk Southern Corp. have inked a deal that will allow Amtrak to operate a second round-trip between New York City and Pittsburgh via Harrisburg each day. Under the agreement between PennDOT and the nation’s fourth-largest freight railroad, the commonwealth will invest more than $200 million in railway and safety improvements […]
Consumers face higher car prices, lower inventory with auto workers on strike
Economic experts and researchers say that the auto workers strike could have far-reaching economic consequences for businesses and consumers, depending on its duration. In addition to workers’ job losses, consumers could see higher prices for cars and depleted inventory. The United Auto Workers union, representing about 150,000 auto workers, walked off the job Sept. 15 […]
Corporate consolidation is hurting Americans. Now is the time to rein it in.
By Justin Stofferahn Just weeks after Sanford Health and Fairview Health Services called off a mega-merger that would have remade Minnesota’s healthcare system, Cleveland-Cliffs announced its interest in acquiring U.S. Steel, a combination that would remake Minnesota’s Iron Range. The relentless pace of merger news is no anomaly though. In 2021 merger activity set an […]
U.S. House conservatives balk at short-term funding patch that would avert shutdown
WASHINGTON — The most conservative Republicans in the U.S. House announced Tuesday they won’t support the short-term spending bill that’s needed to stop a partial government shutdown from beginning on Oct. 1. Freedom Caucus Chair Scott Perry, a Pennsylvania Republican, said the group is not interested in a stopgap spending bill that “continues the policies […]
Battles over spending, farm bill, Ukraine and more loom over divided Congress
WASHINGTON — The U.S. House and Senate are both back in D.C. on Tuesday following a long summer recess, facing an overwhelming agenda of unfinished work — funding the federal government and reauthorizing major programs set to expire at the end of the month. Congressional leaders and President Joe Biden have only a few weeks […]
Millions more workers would receive overtime pay under proposed Biden administration rule
Salaried workers who have been ineligible for overtime pay would benefit from a proposed Biden administration regulation. The Department of Labor’s new rule would require employers to compensate full-time workers in management, administrative, or other professional roles for any overtime worked if they make less than $55,068 annually. Currently, the salary threshold is $35,568. The […]