<p>In a report released Monday, the Congressional Budget Office said that hiking the minimum wage to $15 might reduce poverty, but at the cost of 1.4 million jobs and by adding billions to the federal deficit.</p>
<p>President Joe Biden and Sen. Bernie Sanders (I-VT) have both pledged to back legislation raising the federal minimum wage to $15 &#8212; what both the president and the socialist Senator call a &#8220;living wage.&#8221; Initially, both Biden and Sanders wanted to include the minimum wage hike in an upcoming COVID-19 economic relief package, but with Democrats intent on passing that bill through &#8220;reconciliation,&#8221; it may have to be offered separately.</p>

Congressional Budget Office: Minimum Wage Hike Would Cost 1.4 Million Jobs

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U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

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Congressional Budget Office: Minimum Wage Hike Would Cost 1.4 Million Jobs