Government And Institutions

California Lawmakers, Unions Reach $15 Minimum Wage Deal

California lawmakers and union leaders have reached a tentative deal to raise the state's minimum wage to $15 over six years that could avert a campaign to bring the issue to voters, two California newspapers reported on Sunday, citing unnamed sources.

Wages At Center of Rate Hike Drama

No one seems to know why workers’ paychecks aren’t getting much bigger even as the economy generates lots of jobs each month and the unemployment rate has fallen to its lowest level in seven years.

Japan Owns More U.S. Debt Than China

Japan is now the largest foreign holder of U.S. debt, knocking China out of first place. Economic policies in Japan are keeping interest rates near record lows there, and Japanese investors have put more money in the U.S., whose Treasury bonds offer higher yields.

Opinion: The FSOC Quagmire

Opinion: FSOC can’t measure progress and doesn’t know its target, two good reasons that the U.S. may wish it left macroprudential regulation in the land of academic theories.