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Labor economy

Senate confirms Alex Acosta as Donald Trump’s secretary of labor

in 2017/Top Headlines by

The Senate on Thursday confirmed Alex Acosta as Labor secretary, filling out President Donald Trump‘s Cabinet as he approaches his 100th day in office. The 60-38 vote confirms Acosta to the post. Once sworn as the nation’s 27th Labor secretary, the son of Cuban immigrants will lead a sprawling agency that enforces more than 180 federal laws covering about 10 million employers and 125 million workers. Sen. Tim Scott, R-S.C., spoke for many Republicans with a statement issued just after…

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Donald Trump takes aim at Dodd-Frank financial overhaul

in 2017/Top Headlines by

The Latest on President Donald Trump (all times local): 1:28 p.m. President Donald Trump has signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul. It’s Trump’s first step at scaling back regulations on financial services. Trump has called the law a “disaster” and said it failed to address some of the causes of the 2008-2009 financial crisis. The president has also signed a presidential memorandum related to retirement planning. The administration’s move…

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DIVIDED AMERICA: Rosy economic averages bypass many in U.S.

in 2017/Top Headlines by

Dozens of FedEx jets queue up for takeoff at the airport here. Beale Street, the heart of the music district, hums with tourists. Yet the empty storefronts in Memphis’ moribund downtown and the cash-advance shops strewn near its highways tell another story. It’s a tale of two cities, all in one place. And it’s a tale of two Americas: the one that national averages indicate has all but recovered from the Great Recession and the one lost in the statistics.…

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