Economists expect the year ahead to be one of moderate pay raises as the job market remains stuck in low-hire, low-fire limbo.
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Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.
Although originally scheduled to start in the summer, the Department of Education is set to resume wage garnishments on Jan. 7 for borrowers who have defaulted on their federal student loans.
About 5.5 million borrowers are currently in default. They haven't risked wage garnishment since the beginning of the pandemic, when policymakers paused the practice.
We use high-frequency retail microdata to measure the short-run impact of the 2025 U.S. tariffs on consumer prices. By matching daily prices from major U.S. retailers to product-level tariff rates and ...