Obama team poised to expand overtime pay
Source: USA Today
The Obama administration is close to issuing a new order that would increase the number of workers eligible for overtime pay.
A new Labor Department rule that could come as early as this week would increase the current overtime threshold -- $23,660 per year -- to as much as $52,000, meaning millions more workers would be eligible for time-and-a-half pay, Politico reports.
Congressional Republicans and business groups are poised to oppose the rule, saying employers will simply reduce hours for workers or refuse to hire people at all.
Obama administration officials will likely cast the new rule as an executive response to Congress' refusal to increase the minimum wage for all Americans.
Read more: http://www.usatoday.com/story/theoval/2015/06/08/obama-labor-department-overtime-pay/28674549/
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