Whatever deal Senate leaders come up with to solve the fiscal crisis had better work, because President Barack Obama has no Plan B if it doesn’t.
The Treasury is set to hit its credit limit Thursday.
By Allison Linn, CNBC Digital
Every time you go to a fast-food restaurant, you have a 1 in 5 chance of being served by a worker who’s living in poverty.
A substantial number of workers who serve up your fast food aren’t making enough to get by, and are instead living in poverty or relying on government programs such as food stamps, a new report finds.
On average, 20 percent of front-line fast-food workers were living in households with incomes below the poverty line over the years that the researchers studied. That compares to just 5 percent of workers as a whole, according to the report released Tuesday by the UC Berkeley Center for Labor Research and Education and the University of Illinois’s Department of Urban and Regional Planning,
The report also found that, on average, 24 percent of households that included a nonmanagerial fast-food worker were relying on food stamps — now known as SNAP — during the years they studied.
In addition, 19 percent lived in a household in which an adult relied on Medicaid, and 18 percent were in a household in which a child was on Medicaid or an equivalent program.
By Carrie Dann, Political Reporter, NBC News
With world watching, Congress against wall for last-minute fiscal solution
The nation is just hours away from a crucial deadline to avert default on its debts and Washington remains muddled in a risky legislative process that has the American people and the rest of the world holding its collective breath.
After a furious day of Republican proposals ended with a thud and no House votes to advance a plan, lawmakers have even less time to approve a measure to increase the nation’s borrowing power and end a dragging government shutdown.
Senate leaders say they are closing in on a deal that could pass the upper chamber with bipartisan support but it’s unclear how fast they can get it to the president’s desk.