U.S. House Moves to Delay Overtime Pay Rule

Total Retail's Take: Retailers are watching this bill very closely as it will require employers to pay overtime to salaried workers earning less than $47,500 a year, double the current threshold of $23,660. Republicans and business groups argue the rule will force employers to demote salaried workers to hourly positions and create more part-time jobs. The White House said on Tuesday that President Barack Obama would veto legislation delaying the rule. We will be watching movement on this bill very closely in the days ahead.