Reuters:

U.S. Senate Republicans on Wednesday blocked a Democratic bill to increase the federal minimum wage for the first time in a decade, demanding it first include small-business tax relief.

Democrats fell short of the 60 needed to end debate and go to passage of the House-passed measure, which would raise the minimum wage to $7.25 per hour from $5.15 per hour over two years.

As I understand it, the bill is NOT dead, but can be passed with some caveats for small-business tax relief.