Reports: President to increase eligibility for overtime pay

|By:, SA News Editor

President Barack Obama reportedly plans to issue an executive order that could allow millions more salaried workers to receive overtime by raising the salary threshold at which employers would have to make such payments.

Currently, businesses don't have to pay overtime to those earning over $455 a week, or around $24,000 a year.

It's unclear by how much the threshold will rise, although one proposal bandied about would more than double the level to $984 a week.

Companies might be unhappy about the prospective move, as it could increase their costs.