News

Obama signs order boosting minimum wage

Obama signs order boosting minimum wage

MINIMUM WAGE: Obama spoke about raising the minimum wage during his State of the Union address. Photo: Reuters

WASHINGTON (Reuters) – U.S. President Barack Obama signed an executive order on Wednesday to raise the minimum wage for federal contract workers to $10.10 an hour starting next year and encouraged employers nationwide to increase wages for their workers.

Obama announced during his State of the Union address last month that he intended to take executive action to raise wages for federal contract workers.

The order will affect workers starting on January 1, 2015, and applies to new contracts and replacements for expiring contracts.

Obama, who has also pressed Congress to enact legislation to raise the minimum wage for all workers nationwide, urged business leaders and government officials to do more to increase workers’ incomes.

“I would ask any business leader out there, any governor, any mayor, any local leader listening: do what you can to raise your employees’ wages,” he said, rejecting arguments that doing so would hamper the economy.

“It’s not going to depress the economy, it’ll boost the economy,” he said.

(Reporting by Jeff Mason; Editing by Jim Loney)

Recent Headlines

in Sports

Soccer rocked as top FIFA officials arrested in U.S. corruption probe

fifaarrests

Seven of the most powerful figures in soccer face extradition to the U.S. after their arrest in Switzerland, where authorities also announced a criminal investigation into the awarding of the next two World Cups.

in National

Storm death toll rises as Houston remains underwater

flood

Torrential rains and flooding have turned streets into rivers, killing more than a dozen people and destroying hundreds of homes.

in National

Ford recalls nearly a half-million vehicles

ford

Ford has recalled several models, including the Mustang and Taurus, for a power steering problem.

in Sports

BEST OF: Cavs sweep Hawks to head to NBA Finals

13-overlay7

Watch Cleveland win the Eastern Conference Championship through the lens of a high-def slow-motion camera.

in Sports

NHL Preview: Ducks battle Blackhawks in Game 6

17-overlay7

Here's a look at Game 6 in the Western Conference Finals.