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Jim Zarroli

Ames, Iowa, has the lowest unemployment rate in the country. That's great for workers — but a challenge for those looking for them.

Tanisha Cortez is one of those benefiting from this tight labor market. The restaurant where Cortez worked closed in late November, so she went looking for a new job. She submitted applications to about half a dozen companies.

Almost right away, she got offers from every one of them. And she was working again at a new restaurant two weeks later. She will earn $2,000 more a year than she made at her old job.

One morning a year ago, federal immigration agents swept into the Midwest Precast Concrete plant in Mount Pleasant, Iowa, and arrested 32 men who were working there illegally.

"I was in the car eating when all of a sudden they all arrived," one worker tells NPR. "They took me out of the car and put handcuffs on me and on everyone else too. They even had a dog." The worker did not want his name used because his case is being heard by a judge.

Bob Best enthusiastically supports President Trump's tough policies against China and other countries.

"I'm not a big tariff guy. I'm a free trade guy," says Best, who manages a heating and air conditioning company in Kennesaw, Ga.

"But sometimes when the bully just doesn't listen, you've got to punch him in the mouth. And that's what he's doing."

Updated at 10:00 p.m. ET

In a significant escalation of rhetoric, senior Trump administration officials accused Beijing of reneging on commitments it had already made in its on-going trade dispute with China, and they said they plan to increase tariffs on $200 billion in Chinese imports from 10% to 25% starting on Friday.

Updated at 3:49 p.m. ET

President Trump has filed a lawsuit in federal court seeking to keep two banks from responding to congressional subpoenas, setting up a legal showdown with Democrats eager to investigate his finances.

The president, his three oldest children and his business, The Trump Organization, say the investigations by the House intelligence and Financial Services committees are overbroad and serve no purpose beyond harassment.

Updated at 2:23 p.m. ET

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

Updated at 3:29 p.m. ET

Bank of America will raise the minimum wage for its employees to $20 an hour in the next two years and freeze health care cost increases for lower-paid workers, the company said Tuesday.

The hourly pay will rise to $17 starting May 1 and then increase to the higher rate by 2021, CEO Brian Moynihan said.

Updated at 8:30 P.M. ET

The acting head of the Federal Aviation Administration defended his agency against criticism that it waited too long to ground Boeing 737 Max planes after a pair of deadly crashes in Indonesia and Ethiopia.

Daniel Elwell told a Senate subcommittee that the FAA waited longer than other countries to order the move earlier this month because it wanted to see flight data that might help explain how the Ethiopian Airlines crash happened.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

DAVID GREENE, HOST:

The head of the Federal Aviation Administration is expected to get some tough questions today from members of the U.S. Senate.

RACHEL MARTIN, HOST:

Updated at 10:45 p.m. ET

President Trump said Friday he will nominate conservative TV commentator and former Trump campaign adviser Stephen Moore to one of two vacant seats on the Federal Reserve Board.

Moore, 59, has joined the president in criticizing the central bank, led by Chairman Jerome Powell, for raising interest rates.

"I have known Steve for a long time — and have no doubt he will be an outstanding choice!" Trump said in a tweet.

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