Some U.S. workers who don't get overtime compensation under what's known as the “white-collar exemption” would be able to collect extra pay under revised regulations President Barack Obama plans to order Thursday, according to a White House economist.
Obama is directing the Labor Department to modify overtime rules so millions more people will be eligible for overtime pay for working more than 40 hours a week, Betsey Stevenson, a member of the Council of Economic Advisers, said.
The move was criticized by business groups, which said it would add to costs for companies.
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