Missouri House members have voted to cap the state's minimum wage at the federal rate. The legislation would essentially overturn a 2006 voter-approved law that lets Missouri's minimum wage rise above the federal level based on annual inflation. Proponents contend capping the minimum wage would help small business. They also say it could be difficult for Missouri businesses to compete if the state's minimum wage is higher than those of neighboring states. Critics defend Missouri's existing law and say legislators should not overrule a measure approved by the voters.
A senior administration official says China will announce deals Wednesday to purchase $45 billion in U.S.
exports, including a $19 billion agreement to buy 200 Boeing airplanes, according to the Associated Press.
The official says the deal will create 235,000 jobs in the U.S.
It is important to note, however, that these planes will be commercial aircraft. Moreover, the St. Louis division of Boeing, which produces military aircraft, is unlikely to benefit directly from today's deal.