Minimum Wage to Rise

Congress has voted to raise the minimum wage in the U.S. by passing the "Fair Minimum Wage Act of 2007". The Act bumps the minimum wage up more than $2 to $7.25. The rise from $5.15 per hour to $7.25 will be phased in over a two year period and offset by more than $4.48 billion dollars of tax breaks to employers.

Link
US Minimum Wage to Get Boost @ BBC News