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1 HOUR AGO - Yahoo! News

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Obama plans to expand overtime eligibility for millions of workers

U.S. President Barack Obama on Monday announced a proposal that would make nearly 5 million more workers eligible for overtime pay, a move that would touch nearly every sector of the U.S. economy and could face legal challenges. Obama in an editorial posted on the Huffington Post website said the proposal would more than double the maximum income a salaried ...

Tags: Obama plans to expand overtime eligibility for millions of workers,  Economy Latest News

1 HOUR AGO - Yahoo! News

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Obama administration moves to make millions eligible for overtime pay

U.S. President Barack Obama on Monday announced a proposal that would make nearly 5 million more workers eligible for overtime pay, a move that would touch nearly every sector of the U.S. economy and could face legal challenges. Obama in an editorial posted on the Huffington Post website said the proposal would more than double the maximum income a salaried ...

Tags: Obama administration moves to make millions eligible for overtime pay,  Economy Latest News

1 HOUR AGO - San Francisco Chronicle

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Obama proposal would make 5 million more eligible for OT

WASHINGTON (AP) — Salaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve. To keep up with future inflation and wage growth, the proposal will peg the salary threshold at the 40th ...

Tags: Obama proposal would make 5 million more eligible for OT,  Economy Latest News

5 HOURS AGO - San Francisco Chronicle

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Business Highlights

ATHENS, Greece (AP) — Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a July 5 referendum that could determine whether the country has to ditch the euro currency and return to the drachma. NEW YORK (AP) — NBC said ...

Tags: Business Highlights,  Economy Latest News

6 HOURS AGO - Wall Street Journal

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Brazil's President Seeks Investment During U.S. Visit

Brazilian President Dilma Rousseff said a more business friendly environment is needed in Latin America’s largest economy to attract the investment it needs to restore growth.

Tags: Brazil's President Seeks Investment During U.S. Visit,  Economy Latest News