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
