Headline Roundup • June 30th, 2015
Obama Proposes Overtime Pay Increase
Featured Coverage of this Story
Fox News Digital
President Obama unveiled a long-awaited plan to drastically expand the number of people eligible for overtime pay, in a move that he said would ensure "hard work is rewarded" -- but that critics warn could hurt job growth at a fragile time.
Under the proposal unveiled late Monday, salaried workers who earn nearly $1,000 per week would become eligible for overtime pay.
The rule from the Labor Department would more than double the threshold at which employers can avoid paying overtime, from the current $455 a week to $970 a...
Wall Street Journal (News)
Millions more Americans who work in excess of 40 hours a week will qualify for overtime pay under a proposed rule the Labor Department is expected to unveil this week—a signature White House initiative aimed at strengthening the middle class and tackling income inequality.
The agency is proposing to raise to $970 a week the salary threshold that generally determines who is eligible for overtime pay, according to sources familiar with the administration’s plans.
HuffPost
President Barack Obama this week will propose a plan to extend overtime pay to 5 million American workers who are currently excluded under federal law, according to sources.
The president will recommend updating overtime rules so that salaried workers who earn less than roughly $50,400 per year would be guaranteed time-and-a-half pay when they work more than 40 hours in a week. Under the current rules implemented by former President George W. Bush, salaried workers must earn less than $23,660 per year in order to be automatically eligible for overtime...
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