US House on cusp of passing $1.9 tn Covid plan but wage hike falters

Washington (AFP) – House Democrats were poised late Friday to pass US President Joe Biden’s $1.9 trillion Covid relief package by a narrow margin despite a Senate ruling that the final version will not include a minimum wage hike. Biden had campaigned extensively on raising the national minimum wage to $15 an hour, from a rate of $7.25 that has stood since 2009. He aimed to include it in the huge Covid rescue plan which allots billions of dollars to boost vaccine delivery, help schools re-open and fund state and local governments. The bill — on track to be the second largest US stimulus ever …

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HEDGE accordingly