White House: Obama to lift minimum wage for federal contractors
President Barack Obama will announce on Tuesday he is issuing an executive order to raise the minimum wage to $10.10 an hour for federal contract workers with new contracts, the White House said.


In his State of the Union address, Obama will call on Congress to pass a bill that would increase the federal minimum wage for all workers. The executive order for new contracts or existing contracts in which terms are being changed would take effect at the beginning of next year. Issuing the order allows Obama to bypass Congress' Republican opposition. (Reuters)