2014-03-12T222519Z_1_CBREA2B1QAC00_RTROPTP_2_USA-OBAMA

Obama to seek broad update to U.S. rules for overtime pay

U.S. President Barack Obama speaks to female members of Congress about his administration's minimum wage efforts in the Roosevelt Room at the White House in WashingtonBy Roberta Rampton and Amanda Becker WASHINGTON (Reuters) – President Barack Obama will seek to help workers by updating regulations that exempt broad swaths of salaried workers from earning overtime wages, a White House official said on Wednesday. Obama on Thursday will direct the U.S. Labor Department to look at overtime regulations and the salary threshold above which employers are not required to pay overtime for employees deemed to be managers and supervisors, said the official. The threshold was last raised in 2004 to $455 per week, less than half of what it was almost 40 years ago on an inflation-adjusted basis. Obama’s move would bypass Congress through use of executive authority to review the country’s overtime rules.

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