White House to make more workers eligible for overtime: Bloomberg

Millions more U.S. workers will be eligible for overtime pay under a draft rule to be announced by the federal government as early as Tuesday, Bloomberg News said on Monday, citing an Obama administration official who spoke on condition of anonymity. The Department of Labor would raise the minimum salary for exempting employees who work more than 40 hours a week from the requirement to be paid overtime to $970 a week, or about $50,440 a year, in 2016, Bloomberg said. The increase in the salary l