Tuesday, October 21st, 2014

Obama Expected To Sign New Rule On Overtime

President Obama will soon sign an executive order that will give more Americans overtime pay. The order will direct the Labor Department to reconsider the salary threshold for managers and supervisors that dictates whether they get overtime. That threshold is currently 455 dollars a week, and hasn't been changed since 2004. That works out to a salary of about 23-thousand dollars a year. The rule change would have an immediate impact on retail and fast food businesses. Business groups are opposing the move, saying it could lead to cut pay or job cuts.

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