GAO finds Labor Department bungled wage complaint handling
An undercover GAO probe shows the Labor Department frequently botched wage and hour complaints, recording failures, delayed responses, and even falsified investigative work. Investigators posed as workers or firms on 10 cases, finding nine mishandled and half of tests unlogged in databases. The House committee plans a hearing.
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Labor Department
Government Accountability Office
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Gregory Katz
Associated Press
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Katz
SSP America wins airport cafe contract with seven year term
SSP America secures a seven year deal at the airport with an annual revenue guarantee of 250000 dollars. The company will invest just over 500000 dollars to upgrade the facility and improve travel experience. The sole bidder emphasized commitment and strong local leadership.
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SSP America
Mann
Fed to Start Buying Up to 300 Billion in Treasurys
The Federal Reserve will begin purchases to total as much as 300 billion dollars in Treasury securities over six months. The program starts this week with two operations, then additional buys on March 30, April 1 and April 2. The central bank will focus on 2 and 10 year notes and push mortgage securities from Fannie Mae and Freddie Mac to aid the housing market.
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