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Minimum wage may not go up, but expect stimulus checks in April

Jon Lieber, Managing Director of the United States for the Eurasia Group, shares his insights on US politics in Washington, DC:

Is the minimum wage going to $15 an hour?

Probably not. The House of Representatives did include it in the stimulus bill that they're going to pass as soon as next week, but when it gets over to the Senate it's likely to either be stripped out altogether because of a provision of the reconciliation process known as the Byrd Rule, or you could see some moderate Senate Democrats try to push a compromise measure which would raise the minimum wage from $7.25 an hour to something closer to $10 or $11 an hour.

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