Obama to bring overtime pay to 5 million more workers

HUFFPOST ALERT Obama to bring overtime pay to 5 million more workers ASSOCIATED PRESS WASHINGTON -- 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 pay. Read Obama's blog post here. Read the whole story Follow HuffPost on Facebook and Twitter Know something we don't? Email us at breakingnews@huffingtonpost.com Unsubscribe | Forward | Manage your notification preferences 770 Broadway, New York, NY 10003