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City-County Building

City to tie incentives to $18-an-hour pay

Starting Jan. 1, Develop Indy will change the way it awards millions of dollars in tax abatements and training grants annually. Only businesses that pay workers at least $18 an hour, give them access to health care benefits and support other community programs will be eligible.

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Teachers union sues DeVos over embattled loan relief program

The American Federation of Teachers filed a federal lawsuit, alleging that the Education Department has mismanaged the Public Service Loan Forgiveness program that was created in 2007. Just 1% of more than 86,000 applications had been approved for loan forgiveness as of March 31.

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Powell signals that rate cut could be coming soon

Delivering the central bank’s semiannual report to Congress, Federal Reserve Chairman Jerome Powell said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.”

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