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The minimum wage will increase in 2023 by an additional 13¢ in addition to its standard increases in pay rates due to an increase in the Consumer Price Index. [273] January 1, 2025: $14.30 seasonal, $13.40 agricultural; January 1, 2026: $15.00 seasonal, $14.20 agricultural; January 1, 2027: $15.00 agricultural; New Mexico: $12.00 $3.00
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
5 U.S.C. § 5315 lists 346 non-obsolete positions that receive pay at Level IV of the Executive Schedule. As of January 2025, the annual rate of pay for Level IV positions is $195,200. [2] Annual pay for General Schedule employees, including locality pay and special rates, may not exceed this level. [4]
Senate salaries House of Representatives salaries. This chart shows historical information on the salaries that members of the United States Congress have been paid. [1] The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2]
US stocks have been slumping heading into the first full-on week of 2025. In the past five trading sessions, the S&P 500 is down more than 1.5%, while the Nasdaq Composite is off nearly 2%.
On the campaign trail, Trump promised a variety of tax breaks, including removing the TCJA’s $10,000 cap on the deduction for state and local taxes, and eliminating taxes on tip income, overtime ...