Bitcoin sets a new all-time high above $6,000 >>> READ MORE

Obama Plans Minimum Wage Increase for Some Federal Workers

Obama will announce the wage increase at the Sate of the Union speech


President Barack Obama plans to announce a minimum wage increase for a few federal employees at tonight’s State of the Union address.


The President is expected to announce an executive action during his State of the Union address at 9 p.m. ET that will increase the minimum wage for new federal contracts from $7.25 an hour to $10.10 an hour. The increase is expected to affect roughly 250,000 government employees. Obama is also expected to announce his plans work with Congress to increase minimum wage for all government employees to $10.10 an hour, reports USA Today.

“Nobody who works full-time and works hard at their job should live in poverty,” Denis McDonough, White House Chief of Staff, told The Wall Street Journal. “We think $10.10 an hour will allow them to do that.”

Viewers can watch the State of the Union address online through various social media websites and YouTube.

The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC