10 things you need to know today: February 19, 2014

The CBO says a minimum-wage hike would have mixed results, Ukraine's uprising has its deadliest day yet, and more

Monuments to Kiev
(Image credit: (AP Photo/Efrem Lukatsky))

1. CBO says raising the minimum wage will cost 500,000 jobs

The Congressional Budget Office released a report on Tuesday forecasting that raising the federal minimum wage to $10 would cost the economy 500,000 jobs, but would also help nearly a million Americans climb out of poverty. Polls showing three fourths of the public favors increasing the minimum wage, which Democrats want to push to $10.10 per hour from $7.25. Republicans have called the proposal a certain job killer, but the Obama administration said increased worker productivity would offset any drawbacks. [Reuters]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.