Today, President Barack Obama is going to prove that his word is his bond when it comes to a statement he made during his recent State of the Union address. “I’m eager to work with all of you,” Obama told lawmakers during his address. “But America does not stand still — and neither will I. So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do.”

The president will sign an executive order on Wednesday setting a minimum wage of $10.10 per hour for workers under federal contracts, an administration official confirmed to The Huffington Post.

During the signing, the president will have low-wage workers who encouraged him to issue the order. The executive order will not only set  a minimum wage of $10.10 but will also tie the contractors’ minimum wage to an inflation index, according to an outline released by the White House earlier this month

From The Huffington Post:

Wednesday’s event will mark the seventh executive action signed by the president since his State of the Union address. In addition to the minimum wage hike for federal contractors, the administration has created new retirement accounts, devoted millions of dollars to broadband in schools, announced new “climate hubs,” put into place a “made in rural America” export initiative, started a review of federal job training programs and instructed federal agencies to commit to fair reviews of long-term unemployed job applicants.

The executive order on federal contractors is meant to pressure Congress into passing legislation raising the minimum wage for all workers. The current federal minimum wage stands at $7.25 per hour. It hasn’t been raised since 2009, after the last of a series of increases signed into law by then-President George W. Bush. Like the executive order, the Democrats’ bill, which was proposed by Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.), would tie the minimum wage to an inflation index.

We will update this post as more details are released later on today.

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