Washington (CNNMoney) - Federal workers who were furloughed during the two-week shutdown will start seeing back pay in their Oct. 25 paychecks, say government officials and unions.
On top of that, the deal Congress passed late Wednesday paves the way for the Obama Administration to dole out 1% cost-of-living pay hikes for federal workers come January - the first in three years.
Washington (CNNMoney) - For every day the government shutdown continues, the local economy surrounding Washington, D.C., loses another $220 million.
Losses have been mounting since the shutdown began, with companies and contractors that depend on the federal government, federal workers, and tourism especially hard hit.
Washington (CNNMoney) - Friday is pay day for many of the 2 million federal workers affected by the shutdown.
For most employees, their paycheck is 40% lighter.
Washington (CNNMoney) - CEOs of some of the nation's largest companies are calling on Congress to get it together.
The federal shutdown combined with uncertainty over whether Congress' indecision might push the U.S. into default is making the country a bad place to do business, CEOs are saying.
Washington (CNNMoney) - On the second day of the federal shutdown, more than a dozen Wall Street bank chiefs met with President Obama at the White House and urged him to find resolution to the shutdown.
J.P. Morgan Chase CEO Jamie Dimon said he "would love to see a resolution" to the government shutdown, while walking into the White House before the meeting.
Washington (CNNMoney) - Tens of thousands of federal workers came to work on the first day of the government shutdown Tuesday to sign furlough paperwork and turn on their out-of-office voicemail and email.
A few lucky ones discovered they were able to stay on the job for at least a few more days.
Washington (CNNMoney) - House Republicans on Thursday passed a controversial bill that would drop 3.8 million people from food stamp rolls next year by making it tougher for some families to qualify.
The bill would cut $40 billion from food stamps over the next decade, which would force about 14 million people from the program by 2023, according to the nonpartisan Congressional Budget Office.
Washington (CNNMoney) - House Republicans on Thursday will take up a controversial bill cutting 3.8 million people from food stamp rolls next year by making it tougher for some families to qualify.
Washington (CNNMoney) - As Congressional leaders and President Obama met for talks about ways to avoid the fiscal cliff, party leaders redefined their hard lines on tax hikes for the wealthy.
Rep. Chris Van Hollen of Maryland, a key member of the House Democratic team, said Friday that President Obama's re-election leaves no doubt that Obama has a mandate to raise taxes on the rich.
Washington (CNNMoney) - President Obama's jobs council on Tuesday released its latest round of recommendations detailing how the United States can be more competitive.
This time, the recommendations aren't all that new and appear unlikely to get much traction. Versions of all most of the council's recommendations have also been offered before by the Obama administration in an effort to spur job growth.