Obama's day: Overtime rules

2:30 PM, Mar 13, 2014   |    comments
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(USA TODAY) President Obama engages in more executive action Thursday, this time aimed at expanding overtime pay.

In the afternoon, Obama signs a presidential memorandum ordering the Labor Department to develop new rules for overtime "to ensure that workers are paid fairly for a hard day's work."

White House aides say current rules are outdated and allow employers to exempt too many workers from overtime pay.

Business groups say the Obama order is likely to lead to less employment and slower economic growth.

The new Obama order is also aimed at congressional Republicans who have blocked many of the president's proposals, including his call to increase the minimum wage.

The economy will also be a topic Thursday afternoon as Obama meets with Treasury Secretary Jack Lew.

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