The Trump administration has repealed a Biden-era policy that guaranteed a baseline wage for workers on federal contracts, cutting the federal contractor minimum wage down from $17.75 an hour. However ...

President Donald Trump has rescinded a key Biden-era executive order that had raised the minimum wage for federal contractors to $17.75 per hour, a move that labor advocates warn will negatively ...

Did President Donald Trump raise the federal minimum wage to $25 an hour? A video getting passed around on social media thinks so. "President Trump has just signed a groundbreaking law that will ...

Andrew Kessel was a breaking news writer for Investopedia until October 2025. He previously covered markets for Proactive Investors, with a focus on small-cap stocks in fintech, healthcare, mining, ...

U.S. Sens. Josh Hawley (R-Mo.) and Peter Welch (D-Vt.) have introduced the Higher Wages for American Workers Act, which would more than double the federal minimum wage to $15 an hour by Jan. 1, 2026.

The federal minimum wage has not gone up in 16 years. However, a video circulating on social media claims that President Donald Trump raised the minimum wage this month. "President Trump has just ...