President Obama might soon renew his push for a $9 minimum wage, a top economic adviser said on Monday.
“You’ll certainly be hearing more about it,” Jason Furman, the chairman of the Council of Economic Advisers, told reporters Monday at a Wall Street Journal event.
Liberals in Congress have been stepping up their pressure on the White House to seek a hike in the minimum wage, which they argue would provide immediate economic stimulus while combatting income inequality.
Obama urged lawmakers during January’s State of the Union address to boost the wage from $7.25 to $9 per hour and index it so that it rises with inflation.
But there is strong resistance in Congress to raising the wage. Furman said the White House is realistic about the chances of passing it soon.
“This has always been a little bit of a marathon, every time you’ve proposed it,” he said.
Furman also said Obama will be taking a hands-off approach to the new congressional budget negotiations, which are seeking a deal by Dec. 15 to avoid another government shutdown in January.
“People know where we are coming from and it is now over there in the conference committee. People know what we would like them to do,” Furman said.
The first formal House-Senate budget conference committee since 2009 began on Wednesday, and is aiming at a minimum to resolve the $91 billion difference in the House and Senate budgets for the fiscal year that began Oct. 1. Signs emerged immediately of trouble over the issue of whether tax revenue increases are needed for a deal.
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