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President Barack Obama
Mark Wilson, Getty Images
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Budget Office: Wage Hike Would Raise Pay for Millions

Boosting the federal minimum wage as President Barack Obama and congressional Democrats are proposing would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 workers, Congress' nonpartisan budget analyst said Tuesday.

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President Obama Signs Executive Order Raising Minimum Wage For Federal
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White House: Stimulus Bill Was Good for Economy

The costly $787 billion spending bill that President Barack Obama signed into law soon after taking office boosted the economy and helped avoid another Great Depression, the White House said in a status report on Monday's fifth anniversary of the law's enactment.

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Federal Reserve Vice Chairman Janet Yellen is sworn as Federal Reserve Chairman at the Federal Reserve Building
Federal Reserve Vice Chairman Janet Yellen is sworn as Federal Reserve Chairman at the Federal Reserve Building (Mark Wilson/Getty Images)
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Yellen: Continued Pullback in Fed Stimulus Likely

Federal Reserve Chair Janet Yellen says that if the economy keeps improving, the Fed will take "further measured steps" to reduce the support it's providing through monthly bond purchases.

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Category: Money & Business Tags:
New York Stock Exchange  (Photo by Allison Joyce/Getty Images)
New York Stock Exchange (Photo by Allison Joyce/Getty Images)
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Is the Economic Recovery Slowing? [AUDIO]

Many financial experts were predicting a strong economic bounceback at the beginning of 2014, but so far the job creation report has been disappointing, the stock market has been on a roller coaster ride and consumer spending has slowed.

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