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Month: September 2022

Defense secretary announces host of new policies to help military members with rising cost of living

By Ellie Kaufman, CNN Secretary of Defense Lloyd Austin announced a series of policy changes to help military service members and their families deal with rising housing, food and childcare costs amid high inflation. While President Joe Biden’s proposed budget for the Department of Defense includes a 4.6% pay increase for military service members starting

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FedEx hikes package rates for 2023

By Nathaniel Meyersohn and Chris Isidore, CNN Business FedEx will raise ground and express shipping rates by an average of 6.9% next year, the company said Thursday. Freight rates will increase by an average of 6.9% to 7.9%. Both mark an increase from FedEx’s rate hikes for this year. Last week, FedEx warned that a

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