Some U.S. workers who are deemed ineligible for overtime compensation under what’s known as the “white-collar exemption” would be able to collect extra pay under an executive order President Barack Obama plans to issue tomorrow, according to a White House official.
The AFL-CIO is planning an expanded effort to mobilize nonunion workers in this year’s elections to help Democrats retain Senate control and to erode Republicans’ majority in the House, the labor federation’s president said.
Policy makers on both sides of the partisan divide, from Treasury Secretary Jacob J. Lew to Mitt Romney’s economic adviser Glenn Hubbard, favor expanding the Earned Income Tax Credit. This rare harmony holds the potential to reshape the debate on bridging the growing opportunity gap.
Kenyan President Uhuru Kenyatta said cuts to the government wage bill and other austerity measures will free up funds for projects that will spur economic growth such as building a railway and more roads.
California Governor Jerry Brown, who decries a widening gulf between rich and poor, is campaigning for a fourth and final term presiding over a state that’s outpacing the U.S. in producing both millionaires and food-stamp recipients.