CBS: Obama eyes big change to rules on overtime pay

“The current law, which is part of the Fair Labor Standards Act passed in 1938, allows companies to designate someone making $25,000 a manager and thus avoid paying overtime, even if he or she works more than 40 hours a week. Certain professions like teachers are exempt.

Judy Conti of the National Employment Law Project has asked the administration to include provisions in the rule that would better define which employees are eligible for overtime pay and which are exempt.”

Read the full article at CBS.