President Barack Obama’s budget plan moves the spotlight away from reducing U.S. deficits and instead seeks new spending to energize the Democratic base and give incumbents a job-creation platform for November’s midterm elections.
“If I can persuade Al Sharpton and Bill O’Reilly to come to the same meeting, there are plenty of people of good faith to get something done,” President Barack Obama said in the White House’s East Room yesterday.
Senate Majority Leader Harry Reid won’t consider raising the U.S. minimum wage to any level less than $10.10 an hour, though some of his fellow Democrats say they are ready to negotiate a lower amount.
A decision on the proposed Keystone XL oil pipeline that has been under U.S. review for more than five years is facing additional questions from Senate Democrats who plan to ask for a study on the project’s health impact.
In 1914, Henry Ford announced he was more than doubling the average wage of Ford Motor Co. factory workers to $5 a day, in part so they could afford a Model T. His act took the world by surprise, spurred auto sales and helped create an American middle class.
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.
The debate over increasing the federal minimum wage this year can help Democratic candidates win in key U.S. battleground states, said national labor leaders who plan to press the issue in congressional elections.
Bloomberg BNA – Two recent coal product spills in North Carolina and West Virginia have drawn the attention of three Senate Democrats who are working on legislation to boost chemical storage safety in light of a chemical spill in January that left 300,000 West Virginia residents without drinking water.