House passes bill to raise minimum wage to $15 an hour

The House of Representatives approved the Raise the Wage Act Thursday, which would boost the federal minimum wage for the first time in a decade.

In a 231-199 vote along party lines, the House passed the legislation that would increase the minimum wage to $15 an hour, more than double the current rate of $7.25. In an even more drastic increase, the bill calls for having the same minimum wage for tipped workers, raising it from $2.13 an hour.