Budget office: $15 wage would reduce poverty, increase debt and joblessness

THE CONGRESSIONAL Budget Office has projected that raising the federal minimum wage to $15 would reduce poverty in the country, but increase joblessness and the federal deficit. Above, White House Press Secretary Jen Psaki speaks during a press briefing at the White House. / AP FILE PHOTO/PATRICK SEMANSKY
WASHINGTON (AP) – Increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of Americans while adding to the federal debt and joblessness, a new report from the Congressional Budget Office projects. The federal deficit would increase by about $54 billion over 10…
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