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 tomorrow, according to a White House economist.
Laura Walker, a 63-year-old paralegal, has been looking for work since January, when she was laid off from a California law firm. Until today, she could count on $450 a week in federal unemployment benefits for help.
Life is looking up for Marco Ruiz, whose four months of unemployment ended in December when a landscaping company in Dallas hired him at $9.50 an hour, with small raises since then and a promotion two weeks ago.
Ten chairs lined the front of a community center in Greensboro, North Carolina, where Mr. Moneybags was giving a lesson in wealth inequality. Moneybags, played by tobacco worker John Ledbetter, sprawled across seven of them as nine of his classmates jostled for the rest.
The supercommittee’s failure to reach a deficit-reduction agreement puts into motion $1.2 trillion in spending cuts over 10 years targeting defense and domestic agency budgets while sparing entitlement programs such as Medicaid.