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In san francisco. that city has a minimum wage of $10.74, and it's going to go up every year, because it's indexed to inflation. california just passed an increase to $10 an hour. there are five states that passed increases last year, many more are going to do it this year, including in red states like alaska and south dakota, that will have it on the ballot. and it's clear that these increases, like igor were saying earlier, have not caused job loss. we have not seen massive unemployment among low-wage industries. in fact, they have been booming, because they are the ones that are disproporti...

Hour? >> one of the bills being introduced is $10.10 an hour. california in september increased the minimum wage to $10 an hour. if you looked at t the minimum wage in 1968 the cost of living increased so much that our minimum wage today if you corrected for inflation would be $10.74. >> why not 20? let's go crazy? why not $50 an hour? >> we have to strike a balance between what's appropriate compensation for people for the work they do and what works for the economy. the economy has been struggling. a minimum wage increase that for every thousand dollars it

I have agreed to a vote on contraception. we will continue to follow that. gasoline prices continue an upward climb. national average price is $3 .64. up 3 cents a week ago. crude oil futures slipped 17 cents to close at $100.74 a barrel. a special message of love from vladimir putin this valentine's day. that is coming up in the grapevine. up next, president obama has a heart to heart with the presumed next leader of china. [♪...] >> announcer: bank robbery certainly is a frightening crime. after all, bank robbers stole $43 million in one year. but identity thieves? try 37 billion! and gu...

Relatively flat on its first day back from holiday. a big day on wall street wednesday. newest investors cheered reports on better than expected new home sales and the u.s. federal reserve's decision to leave interest rates unchanged. optimism sent the dow above that psychologically important 12,000 mark early on in the session. the dow and the s&p 500 finished both at their highest levels since 2008 and here's how it looked at the close. the dow gained just 8 points to finish at 11985. so just 15 points shy of that 12,000 mark. and the nasdaq gained 0.74% and the s&p 500 added about 0.5% th...

Levels unchanged. statement said the ministers were unable to reach a consensus to raise output. well that sent crude prices rising. july futures gained $1.65 to close at $100.74. gasoline fell a little more than a penny overnight. the national average is $3.75 a gallon. the most serious deadline facing lawmakers in washington is the rapidly approaching eclipse of the debt ceiling. correspondent molly henneberg reports today republicans accused the president of not taking the debt crisis seriously enough. >> strong words today from freshman republican senator and tea party favorite ron johns...