Friday 25 May 2007

Minimum Wage Bill Passed - Bush to Sign

In addition to the authorization for the Iraq war through September, Congress passed out some raises when it passed a minimum wage hike. According to an article in the South Florida Sun-Sentinel, Congress passes minimum wage hike. It would go from the current $5.15 an hour to $7.25 in three phases:
  1. to $5.85 two months after the bill is signed into law,
  2. $6.55 one year later,
  3. and to $7.25 the following year.

President Bush is expected to sign the bill perhaps as early as today, which would mean the bill would go into effect near the end of July.

No comments:

Post a Comment

Nice comment !