As the Federal Reserve warns it could continue to raise benchmark interest rates, it raises questions about what it means for the general public. Cheddar News Senior Reporter Chloe Aiello explains the trickle down effect it has on the broader economy, from inching up interest in your savings accounts to forcing large-scale layoffs.
The Biden administration will propose a new rule Wednesday that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court.
