Port of Los Angeles going 24/7 to ease shipping backlog, White House says

The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.

Social Security checks to increase by 5.9% in 2022 as inflation jumps

The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.

Social security annual cost-of-living set to increase in 2022

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

Companies hard-pressed for holiday staff despite millions of job openings

Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.

Americans quit jobs at highest rate on record in August, Labor Department says

One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

Nobel prize for economics awarded to 3 in US for societal research

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

September jobs report: US adds weak 194K jobs as delta maintains hold

U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.

Debt ceiling: Deal reached with GOP on short-term fix, Schumer says

A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.

Student loan forgiveness: 550K borrowers to benefit from program overhaul

A change to the Public Service Loan Forgiveness program will immediately make 22,000 borrowers eligible to get loans canceled, U.S. officials said.

Powerball jackpot soars to $570M ahead for Wednesday’s drawing

Wednesday’s drawing will take place at 10:59 p.m. ET with an estimated jackpot of $570 million or a cash option of $410.1 million.

Powerball: $416 million jackpot up for grabs Monday

Nobody won the Powerball jackpot Friday night, meaning the grand prize is now worth an estimated $416 million.

Biden administration extends $1B of additional student loan debt forgiveness

The Department of Education has issued another round of student debt forgiveness as part of the closed school discharge program. See if you qualify for a loan discharge, and learn about your alternative loan repayment programs.