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Amtrak Works to Restore Service as Rail Unions Reach Tentative Deal

Amtrak, the nation's largest passenger rail network, had started canceling all of its long-distance trains on Thursday amid threats of a looming rail strike. ....

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Chicago's Last Black-Owned Bank Got Millions in Government Deposits — Then Had to Give Them Back — ProPublica

As Black-owned banks disappear, politicians are under increasing pressure to save them. Big deposits are a ready solution, but sometimes they burden the banks more than they help. ....

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What's Gone Wrong at Chicago's Last Black-Owned Bank? — ProPublica

Despite government intervention and new owners, GN Bank fights for survival while customers worry about losing their homes. ....

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Economics in Brief: Momentum Grows for a Minimum Wage Increase

While federal policymakers are debating the first federal minimum wage increase in more than a decade, consumer giant Costco with its 180,000 employees announced it will raise its internal minimum wage to $16 an hour. That’s one dollar more than the $15 an hour that workers and labor groups have been demanding for years as a federal minimum wage.
Costco had already raised its starting hourly wage to $14 in 2018 and $15 in 2019. The company says 20 percent of its employees currently earn its minimum wage, according to CNN.
Meanwhile in Washington, D.C., the Biden-Harris administration has been pushing to boost the federal minimum wage to $15 an hour as part of the next COVID-19 relief and recovery package. Some Democratic representatives in Congress are weighing a $12 minimum hourly wage as a compromise. On the other side of the aisle, Republican Senator John Thune of South Dakota opposes a $15 minimum hourly wage, saying he earned $6 an hour as a kid which would be $2 ....

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