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While Republicans in Congress balk, 19 states have enacted a minimum wage higher than the federal level.
Economies of Germany, France and Italy all shrank more than expected in fourth quarter.
Conflicting messages on the weakening yen cause Japanese currency to whipsaw.
Legislators have about two weeks to avert $1.2 trillion in cuts.
Fed vice chair says the central bank could keep rates low even after achieving inflation or employment targets.
Major nations try to ease concerns about a currency war.