US minimum wage to get $2 boost
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The minimum wage in the US will rise by $2.10 per hour, the first rise in a decade, after a vote by the US Congress.
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The rate consumers pay on a 30-year, $200,000 home loan will likely rise 0.2 of a percentage point - an extra $9,200 over the course of the loan - as the largest US buyer of mortgages slows growth to meet regulators&#39; request to boost capital, said Kevin
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Corrects Wednesday's price rise for U.S. crude to 21 cents   instead of 81 cents in second paragraph.
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The US nationwide price for gasoline rose closer to $2 a gallon over the last week and diesel fuel hit a new record high for the second week in a row, the government said on Monday.
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The first minimum wage increase in 10 years takes effect Tuesday, to $5.85 from $5.15 an hour, with two more steps over the next two years taking base pay for millions of workers to $7.25.
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Union leaders and advocates for the poor are uniting behind an effort to raise the state's $6.75-an-hour minimum wage for the first time since 2001 and to tie future increases to the inflation rate, a move that would make Massachusetts only the fourth state in the nation to establish that link.
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The Spanish government has reached an agreement with unions and employers to raise the minimum monthly wage by 4.5 percent to euro512.90 (&#36;699) on Jan. 1, news reports said Tuesday.
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The simplest thing you can do to pay less and earn more.
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A $1.3 billion small-business tax  cut package aimed at winning the first minimum wage increase in  more than a decade advanced in the U.S. House of  Representatives on Monday.
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The price of goods imported into the  United States in November rose 0.2 percent, slightly more than  expected, a Labor Department report showed on Thursday, as  increases in non-petroleum prices hit a 10-month high.
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The US Senate voted overwhelmingly to raise the federal minimum wage for the first time in nearly a decade, fulfilling a major vow of the new Democratic-led Congress.
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The Senate voted overwhelmingly Thursday to boost the federal minimum wage by $2.10 to $7.25 an hour over two years, but packaged the increase with small business tax cuts and limits on corporate pay that could complicate its path to become law.
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The US dollar has recovered ground after days of falls on hopes of healthy US employment news and cheaper oil. The US releases job figures for October at 1330 GMT on Friday, and observers are hoping for about 200,000 new posts.
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House leaders have added legislation raising the federal minimum wage to an emergency spending bill for the Iraq war. They hope to break a logjam with the Senate over the wage bill, a top Democratic priority that was once seen on Capitol Hill as a relatively easy compromise.
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The price U.S. drivers pay for   gasoline is expected to drop another 25 cents in the short term   to a national average of $2.25 a gallon, the federal Energy   Information Administration said on Wednesday.
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After a decade-long wait, America's lowest-paid workers saw Congress poised Thursday to increase the federal minimum wage by $2.10
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The incoming Democratic-led U.S. Congress intends to give a hand to dishwashers, fast-food cooks and America's other poorest-paid workers by raising the federal minimum wage for the first time in a decade.