Work, wages and Washington

12:00 AM ET Fri, 21 Feb 2014

The Congressional Budget Office reported this week that a boost to the federal minimum wage could cost the economy jobs, but would lift some 16 million people out of poverty. Is this the way to go? Citigroup Global Banking Vice Chair and former CBO Director Peter Orszag analyzes the numbers behind the CBO¿s latest report and how they¿ll impact the political debate over raising the minimum wage.