The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. In a split vote, the central bank voted to ...

A 14.5% pay raise for junior enlisted service members is on its way to President Joe Biden's desk to be signed into law after the Senate approved the annual defense policy bill on Wednesday.

WASHINGTON — The Senate on Wednesday approved a $895 billion defense policy that in April will give junior enlisted troops a historic 14.5% pay raise and all other service members a 4.5% pay ...

A group of 26 Democratic lawmakers across both the House and Senate on Wednesday urged President Biden to increase the pay raise planned for civilian federal workers next month to 4.5% ...