Obama eyes higher overtime threshold to boost middle class
President Obama drafts new overtime rules to expand time-and-a-half pay beyond 40 hours, targeting workers earning up to about 51 000 to 56 680 annually. Senate Democrats urge steeper thresholds while critics warn higher limits could cost jobs, reduce managerial flexibility, and raise costs for restaurants and retailers.
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Trade clash widens as Sanders blocks fast track vote
In Washington, liberal Sen Sanders delays Senate Finance Committee action on fast track trade authority, challenging Hatch as Democrats split on Obama trade agenda. Hatch vows to push amendments through and complete the bill, while Reid and Clinton offer cautious, divided positions on Pacific Rim deals and manufacturing priorities.
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Facebook expands mobile ads with Hello launching on Android
Facebook's push to mobile revenue continues as it reports mobile ads now account for nearly three quarters of revenue. Hello, its new Android voice calling app, aims to complement Messenger but may struggle to gain traction like Home did. The company plans more experiments via Creative Labs while Instagram remains a focus. In prior quarter mobile ads were 69 percent of total revenue.
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