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President Obama Expands Overtime Eligibility

July 1, 2015

President Obama Expands Overtime Eligibility

The Obama Administration proposed federal overtime regulations that would raise the current overtime threshold to $50,400 a year up from the current threshold of $23,660 as early as 2016. The regulation change is coming under fire from business groups and Republicans who argue it threatens jobs and will force employers to cut hours for salaried employees.