Originally published on Thu March 13, 2014 1:56 pm
On Thursday, President Obama rolled out his plan for strengthening overtime pay protections for millions of workers. In his view, if more workers got fatter paychecks, they could spend more and stimulate the economy.
But if his critics are right, then employers would end up laying off workers to make up for the higher wage costs. And that would hurt the already painfully slow recovery.
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Stanley Fischer used to be head Israel's Central Bank, and he was once second in command at the International Monetary Fund. Barring the unexpected, he'll soon be confirmed as vice-chair of the U.S. Federal Reserve. President Obama nominated him for that post. And today he'll go before the Senate Banking Committee.
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Today, President Obama will tell the Department of Labor to rethink the rules for how employers pay overtime. The president wants millions more people to get paid overtime, particularly those who are exempt. And by signing a presidential memo to the department, he doesn't have to ask Congress to make that happen.
NPR White House correspondent Tamara Keith reports.
A bill aimed at punishing Russia for sending its forces into Crimea by imposing sanctions on Moscow and providing economic aid to Ukraine has passed a key vote in the U.S. Senate.
The Senate Foreign Relations Committee voted 14-3 to pass the measure that authorizes $1 billion in loan guarantees to the new government in Kiev as well as the freezing certain Russian assets in the U.S.
Aid for Ukraine, sanctions against Russians. Those are key features of a bill that Senator Robert Menendez proposes. He is a New Jersey Democrat who chairs the Senate Foreign Relations Committee. And he joins us from Capitol Hill. Welcome to the program once again.
A reserve unit housed at Tinker Air Force Base that performs Airborne Warning and Control System missions would be deactivated if lawmakers pass the fiscal year 2015 defense budget.
The 513th Air Control Group partners with active duty military to provide crews and personnel during the AWACS missions. Unit commander Col. David Robinson says 345 citizen Airmen would be affected by the cuts.