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The Dow Jones Industrial Average closed the week on a sour note, giving back some of the gains it had made on three straight days in the green.The Dow closed down 915 points — a 4 percent loss — its first drop since Monday. However, the markets remained up for the week, the first week-over-week gain since February.The day of losses came despite the House passage of a .2 trillion stimulus package that the Trump administration hopes can boost the economy amid an economic slowdown caused by the coronavirus. President Donald Trump is expected to sign the bill into law this afternoon. 600

The Colorado-based burrito chain Illegal Pete’s has been up and running for over two decades, and the company now has nearly a dozen locations. “[Business has] been great for us,” said the chain’s founder Pete Turner.And it got even greater, Turner says, after an epiphany of sorts a few years ago. He thought to himself, “’What can this business be?’ And really, who is the face of the business? It’s the employees.”In 2015, Turner made a pledge—one that was practically unheard of at the time—to raise the minimum wages of his employees from an hour to . His plan was to increase pay gradually over three years.This month, that wage goes into effect.“Our employees are going to be able to live more comfortably [and have] fulfilled lives.,” he says. “They’ll be able to be more engaged in their job.”Employees like Kristina Keeling, who works in an entry-level position at Illegal Pete’s, says she knows firsthand how big of a difference those extra few dollars an hour make.“If I am surviving better in the world, then I’m going to come to work feeling a little bit better,” Keeling said. “Maybe feeling a little more positive about the world and I think I can give that and share that with the customers as well.”The federal minimum wage hasn’t changed since 2009, and it still sits at .25 an hour. However, many states have raised it on their own. Now, the nation is a hodgepodge of wages, and in some cases, large companies are now leading the way. Amazon, Target and Disney have announced they’ll pay employees an hour. However, critics argue small businesses will suffer if forced to pay an hour. The result may be to lay off workers or reduce hours.But Leo Gertner, with the National Employment Law Project, says when it’s done slowly, it works.“All of these changes have been extremely gradual,” Gertner explains. “Cents over time, and companies have been able to absorb the costs, including small businesses.”That’s how things are done at Illegal Pete’s. Turner’s mantra: make a slow buck, not a quick one.“It’s just nice to know we’ve got, let’s say, 380 people in Colorado that are able to live the lives they want to, go to school, grow in this company, get married, have kids, buy a house, and still work here,” Turner says. 2272

The Defense Department has decided not to proceed with three border wall projects in California and Arizona, citing "insufficient contract savings," according to a court filing.The move appears to be a setback for President Donald Trump, who has sparked controversy for dipping into Pentagon funds to build his signature border wall, though it's unclear what will happen to the projects listed in the filing.Last month, Secretary of Defense Mark Esper approved an additional 20 miles of 30-foot-high barriers for the southern border using .5 billion in funds redirected from a counter drug account, which is authorized to spend money on border barrier construction for the purpose of blocking "drug-smuggling corridors."Although then-acting Defense Secretary Patrick Shanahan had earlier approved some 135 miles of fencing requested by the Department of Homeland Security in the Yuma, El Paso and Tucson sectors, the cost of constructing that section of the border wall was less than originally anticipated, freeing up funds to support the additional 20 miles approved by Esper.The Pentagon notified the court of the additional miles at the time, noting the Army Corps wouldn't know the exact amount of savings to move forward with the projects until later in the fiscal year.Monday's court filing, however, reveals that there were not enough funds to cover the costs of the projects."Based on its work in definitizing the contracts for the original Section 284 projects, [the Army Corps] has determined that there are insufficient contract savings to undertake the three additional Section 284 projects authorized by the Secretary of Defense on August 26, 2019," the filing reads. "Therefore, the Department of Defense has decided not to pursue Yuma Sector Projects 4 and 5, and Tucson Sector Project 4 at this time."The President's decision to tap into Pentagon funds for his wall has been legally challenged by the Democratic-controlled House and advocacy groups.In July, the Supreme Court cleared the way for the Trump administration to use .5 billion from the Defense Department to construct parts of a wall along the southwestern border that the government argues is necessary to protect national security.The decision allows the Defense Department money to be spent now while a court battle plays out over whether the government had the authority to divert funds that were not appropriated for the wall.The administration is using funds appropriated for the wall, as well as Defense Department funds, to fulfill the President's pledge to erect new barriers along the southern border. As of August 23, the administration has updated roughly 60 miles of wall on the US-Mexico border, according to Customs and Border Protection and the Army Corps. Construction activities to mount new wall in the Rio Grande Valley sector is underway, according to the agencies. 2881

The House Committee on Ethics announced Wednesday it is opening an investigation into allegations that Democratic Rep. Katie Hill of California engaged in an 170

The Daytona Beach International Airport in Florida was briefly evacuated Tuesday morning after a suspicious package was found.The Volusia County Sheriff's Office confirmed in a tweet that the airport had been evacuated."Daytona Beach International Airport @FlyDAB is being evacuated due to a suspicious package reported around 6:15 a.m. Please check back here for updates - we'll post more info as it becomes available," the sheriff's office posted.The Daytona Beach International Airport later tweeted that the a bag was marked a suspicious as it was screened at security. The bag has since been cleared. Operations are expected to resume at the airport shortly."Attention: due to a suspicious bag that was flagged while going through security, the DAB terminal was evacuated this morning. The bag has since been cleared and normal operations will resume soon," Daytona Beach International Airport's tweet read. 925

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