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January 29, 2014 AT 6:33 AM
President Barack Obama says it's time to give Americans a raise. Obama is at a Costco warehouse in Maryland to promote higher minimum wages the morning after announcing a new executive order in his State of the Union address. Obama's action will raise the minimum wage for new federal contract workers to $10.10. He says he's choosing to make 2014 a year of action because too many Americans are struggling just to get by. He says raising the rate doesn't require new federal spending and it would help Americans make ends meet.