Finance

Biden says $15 minimum wage won’t survive Covid relief talks

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President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021.

Tom Brenner | Reuters

President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign promise as Democrats in Congress press ahead to pass $1.9 trillion in stimulus without Republican support.

Biden said his administration would push for a stand-alone bill to raise the minimum wage.

“I put it in but I don’t think its going to survive,” Biden told CBS’ Norah O’Donnell in an interview scheduled to air in full on Sunday. “My guess is it will not be in…



Source cnbc.com

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