Obama Plans Minimum Wage Increase for Some Federal Workers

Jan 28, 2014, 1:19 pm EST

President Barack Obama plans to announce a minimum wage increase for a few federal employees at tonight’s State of the Union address. Source: mailto:letters@investorplace.com

The President is expected to announce an executive action during his State of the Union address at 9 p.m. ET that will increase the minimum wage for new federal contracts from $7.25 an hour to $10.10 an hour. The increase is expected to affect roughly 250,000 government employees. Obama is also expected to announce his plans work with Congress to increase minimum wage for all government employees to $10.10 an hour, reports USA Today.

“Nobody who works full-time and works hard at their job should live in poverty,” Denis McDonough, White House Chief of Staff, told The Wall Street Journal. “We think $10.10 an hour will allow them to do that.” Read 

State of the Union 2014: Time? Date? What to Expect?

Jan 28, 2014, 12:45 pm EST

President Barack Obama will be giving his 2014 State of the Union Address tonight.

Source: mailto:letters@investorplace.com Obama’s fifth State of the Union address will star at 9:00 p.m. ET.

Viewers have multiple options for how they want to watch the State of the Union Address. The speech will be streamed online to Facebook (FB), Google+ and Google’s (GOOG) YouTube. The White House’s website will also be streaming the speech. Those who can’t stream can keep up with the speech with posts on Facebook, Twitter (TWTR) and through emails. Read 

US Postal Rates: Price of Stamps Goes Up Today

Jan 27, 2014, 1:34 pm EST

The US Post Office (USPS) has officially raised US postal rates with the price of stamps up by 3 cents. Source: mailto:letters@investorplace.com

The increasing US postal rates that were announced last month are officially in effect with stamp prices at 49 cents now. The price hikes come in an attempt to counteract the budget deficit that the USPS has been struggling with over the last few years.

The price to mail a post card has increased by 1 cent, now up to 34 cents. USPS also announced that you might be in luck if you have a stock of Forever Stamps as they are selling books of (20) stamps for $9.80, a 60 cent increase. Read 

Rep. Trey Radel to Resign From Congress After Cocaine Guilty Plea

Jan 27, 2014, 11:29 am EST

Trey Radel will have officially completed his resignation from Congress as of 6:30 p.m. today. Source: mailto:letters@investorplace.com

According to The New York Daily News, Republican Rep. Trey Radel presented his resignation to House Speaker John Boehner in a letter. In the letter, Radel tells Boehner that he “cannot fully and effectively serve as a United States Representative.” He was advised to resign from congress by several other Republicans.

Trey Radel was arrested for cocaine possession in October when he bought 3.5 grams of the drug from an undercover agent. He faced court charges of possession of cocaine and pleaded guilty on Nov. 20. He has been sentenced to one year of supervised probation. The New York Daily News notes. Read 

Former Pro-Obama Super PAC Agrees to Help Clinton

Jan 24, 2014, 8:00 am EST
Source: mailto:letters@investorplace.com

The previously Barack Obama-oriented super PAC Priorities USA Action will now raise money in hopes of electing Hillary Clinton president in 2016.

The move marks possibly the earliest start ever to courting large donors for a non-incumbent presidential candidate, more than two years in advance of the next presidential election. It further cements Clinton’s status as a front-runner for the Democratic nod — assuming she choose to run for office.

In addition, the super PAC has named two new directors to head the group, further strengthening the organization’s focus on electing Clinton and providing a potential Clinton presidential run with the backing of Obama’s fund-raising skills. Jim Messina, who was Obama’s campaign manager in 2012, and former Michigan Gov. and ardent Clinton backer Jennifer Granholm, will co-chair the super PAC. Read 

FDA: Changes Coming to Nutrition Labels

Jan 23, 2014, 1:23 pm EST

The Food and Drug Administration (FDA) might be changing nutrition labels in order to give more information about food contents.

The agency said that our knowledge about nutrition has changed over the last 20 years and the labels should reflect that. The FDA wants companies to be more specific on how they define and label serving sizes.

A larger emphasis on the number of calories in packaged foods is one of the changes that the agency is expected to make in nutrition labels. The FDA is also looking to add information on the amount of sugar and percentage of whole wheat in food. Read 

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