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Oct. 24, 1940: The 40-hour work week goes into effect under the Fair Labor Standards Act, signed by President Roosevelt two years earlier.

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Don't Get Fooled by Fiscal Cliff Talk
Posted On: Nov 14, 2012

Nov. 14, 2012 | Welcome, back Congress! Now that the election is over, there are just a few things to take care of during the few weeks you're in session between now and the end of the year – little details like the future of tax rates and unemployment benefits. You might hear the phrase "fiscal cliff" thrown around a lot to describe the set of policy choices we're coming up against. A set of large policy changes are all set to kick in starting in 2013 unless Congress alters them. If all these changes go through exactly as current law says they will, it will represent a pretty strong shock of austerity to the economy. Continue reading…

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Updated: Oct. 24 (08:43)

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