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Backers of the president's ambitious stimulus plan say it will help struggling families and businesses, but critics say it goes too far.
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The Senate parliamentarian informed lawmakers that a plan to gradually increase the federal minimum wage to $15 by 2025 does not fit the complicated rules that govern budget bills in the Senate.
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Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.
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The legislation is set for a vote on the House floor at the end of the week. The Senate is then expected to modify it to ensure it can pass procedural hurdles.
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McDonald's is one of the nation's largest employers of low-wage workers. And because it's everywhere, it's a great place to test the effects of minimum wage laws.
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Raising the federal minimum to $15 an hour by 2025 would boost pay for at least 17 million people and cut 1.4 million jobs, according to the non-partisan Congressional Budget Office.
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President Biden has called to more than double the federal minimum wage as part of his economic relief plan.
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Raising the federal minimum wage to $15 remains a priority of President Biden and Democrats after the Senate approved an amendment prohibiting a wage increase during the pandemic.
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The budget process allows the party in control in Congress to pass most big-dollar legislation without having to worry about a filibuster. But the process can be risky.
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President-elect Joe Biden is proposing a $1.9 trillion plan to address the coronavirus pandemic and the resulting economic crisis.