The new minimum-wage rate is equivalent to $30,576 in annual pay, based on a full year of employment and a 40-hour workweek. That will rise from $29,848 in 2024.

During Bessent's confirmation hearing for the position, Sanders asked him if he would work to raise the federal minimum wage to a living wage. "I believe that the minimum wage is more of a ...

Blue-collar workers have seen real wage growth of almost two percent in the first five months of President Donald Trump’s second term, the largest increase for any administration in nearly 60 years.

Videos on social media claim President Donald Trump has raised the minimum wage to $25. ... and his U.S. Secretary Scott Bessent said outright he does not believe they should change it.

Treasury Secretary Scott Bessent rejected the idea of increasing the minimum wage earlier this year.. But Trump acknowledged in a “Meet the Press” interview a month before the start of his ...

While Trump said he'd consider raising the federal minimum wage while he was president-elect in December, he has not made any moves to do so. In January, Scott Bessent, Trump's Treasury secretary ...

Videos on social media claim President Donald Trump has raised the minimum wage to $25. ... and his U.S. Secretary Scott Bessent said outright he does not believe they should change it.