Wal-Mart Stores Inc., the largest private employer in the U.S., said it’s looking at supporting an increase in the federal minimum wage, breaking with business and industry groups that oppose such a measure.
Boosting the minimum wage may cost as many as 500,000 people their jobs, said a new report from Congress’s financial scorekeeper that diminishes chances for an agreement on one of President Barack Obama’s priorities.
Vice President Joe Biden defended the Obama administration’s pursuit of a Pacific trade pact at a meeting with House Democrats, while acknowledging that the deal represented an election-year challenge, according to a White House official.
Senate Republican Leader Mitch McConnell’s vote yesterday to clear the way for Congress to lift the federal debt ceiling made the U.S. Chamber of Commerce’s task of helping him win re-election a lot harder.
The Senate plans to vote today on legislation to lift the U.S. debt limit without conditions and send the measure to President Barack Obama, marking a win for Democrats who refused to consider Republican conditions.
Treasury 10-year notes fell for the first time in three days as Federal Reserve Chairman Janet Yellen said reductions in the central bank’s bond purchases are likely to continue even amid uneven employment growth.
They’re senior senators from two of the nation’s top oil-producing states, longtime friends who are about to begin a partnership that has environmentalists uneasy and industry lobbyists counting on a shift in energy policy.