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Search Tags: inflation
It could be a long time before federal workers see another January pay raise. But for retirees, things are looking up.
In the old days pirates would often give their victims a choice. The choice? Walk the plank or get pushed off the plank. Senior Correspondent Mike Causey says federal workers and retirees now find themselves in a similar bind.
Ali Velshi, CNN business correspondent
Ali Velshi, anchor and chief business correspondent for CNN
Jill Schlesinger, editor-at-large of CBS MoneyWatch.com
Federal workers are in line for a pay raise in January. Federal retirees are not. How come? Senior Correspondent Mike Causey says deflation is the reason.
Most federal workers are probably fed up with politicians and media personalities who are complaining about federal pay, but Senior Correspondent Mike Causey's heard from one who says he's ashamed of his colleagues whining about pay.