Maine's Leading Local News: Weather, Traffic, Sports and more | Maine | NewsCenterMaine.com

No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates

Economy

No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates

Business

Yes, teens can be paid less than the federal minimum wage

Under federal law, employers are allowed to pay workers under the age of 20 less than the federal minimum wage during the first 90 days after initial employment.
Money

No, taxpayer money is not being used to cover deposits at SVB

Silicon Valley Bank failed on March 10. The U.S. government announced all of the bank’s depositors would be made whole, and no taxpayers would have to foot the bill.
Economy

Yes, women have to work until March 14 to earn as much money as men did the previous year

Equal Pay Day symbolizes how far into the year women must work to earn what men did the previous year. In 2023, that day falls on March 14.
Business

Viral post falsely links former Lehman Brothers executive to SVB collapse

A post claims a former Lehman Brothers executive was also a top executive at Silicon Valley Bank. He’s part of SVB Securities, which is independent of the bank.
Taxes

No, the IRS is not changing tip reporting requirements to crack down on waiters

Headlines falsely claim the Biden administration is sending the IRS after service workers. Here’s what’s actually happening.
Taxes

No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit

A spokesperson for the IRS says some “widely promoted scams” falsely claim workers qualify for the Employee Retention Credit.
Money

No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit

The ERC is a tax credit for businesses. It doesn’t provide up to $26,000 to people who worked through the COVID pandemic.
Money

No, the debt and the deficit are not the same thing

The two concepts are related and easily confused. Here’s the difference:
Economy

No, the national debt and deficit are not the same thing

Here’s the difference between the debt and the deficit.
Money

Social Security: SSI recipients will get two payments in March

Millions of Supplemental Security Income (SSI) recipients will get two payments in March, but the second is an advance for April — it’s not a bonus payment.
Money

No, Walmart is not charging $1 to use shopping carts

A viral TikTok showed a deposit system at a store in Canada used to encourage shoppers to return carts.

Anonymous donor gifts quarter of a million dollars for the arts

Food scrap pick-up service aims to reduce food waste in Maine landfills

NEWS CENTER Maine Weather Forecast

The planets are about to align for a rare sight

Maine's Leading Local News: Weather, Traffic, Sports and more | Maine | NewsCenterMaine.com

No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates

Yes, teens can be paid less than the federal minimum wage

No, taxpayer money is not being used to cover deposits at SVB

Yes, women have to work until March 14 to earn as much money as men did the previous year

Viral post falsely links former Lehman Brothers executive to SVB collapse

No, the IRS is not changing tip reporting requirements to crack down on waiters

No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit

No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit

No, the debt and the deficit are not the same thing

No, the national debt and deficit are not the same thing

Social Security: SSI recipients will get two payments in March

No, Walmart is not charging $1 to use shopping carts

Before You Leave, Check This Out

WCSH would like to send you push notifications about the latest news and weather.