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federal minimum wage

Raising the federal minimum wage to $15 an hour by 2025 would increase wages for at least 17 million people, but also put 1.4 million Americans out of work, according to a study by the Congressional Budget Office released on Monday.

A phase-in of a $15 minimum wage would also lift some 900,000 out of poverty, according to the nonpartisan CBO. This higher federal minimum could raise wages for an additional 10 million workers who would otherwise make sightly above that wage rate, the study found.

President Biden's push for a $15 federal minimum wage appears to be on hold for now.

As part of a marathon session of voting on amendments to Biden's $1.9 trillion coronavirus relief package, the Senate late Thursday approved by voice vote a measure prohibiting an increase of the federal minimum wage during the global pandemic.

Ohio Public Radio

President Trump is scheduled to appear in Toledo Thursday for the first campaign visit of this election year.