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Overtime pay debate pits businesses against Obama

Overtime pay debate pits businesses against Obama

A fight is brewing over an imminent announcement from the Obama administration that could vastly expand the pool of workers who qualify for overtime pay. The administration is poised to propose a rule that would raise the salary threshold that exempts a certain category of workers from getting paid time and a half when they work more than 40 hours a week. Under the current rules, last updated in 2004, professional, executive and administrative employees are excluded from overtime pay if they earn more than $455 a week, which works out to $23,660 a year. While the Labor Department hasn't disclosed the proposal's details, labor experts expect the threshold to rise to between...