LOS ANGELES (AP) — Democratic presidential candidate Bernie Sanders is breaking with the Obama administration and House lawmakers over a plan to restructure Puerto Rico's $70 billion in debt, saying the legislation would make "a terrible situation even worse."
The Vermont senator writes in a letter released Monday that the deal reached last week between the White House and House Republicans and Democrats would empower an "unelected and undemocratic oversight board" and allow the governor of Puerto Rico to slash the minimum wage to $4.25 an hour for up to five years.
(CNSNews.com) – In his weekly address released Saturday, President Barack Obama explained a new federal regulation finalized this week by the Department of Labor that will required employers to pay overtime to salaried workers who make less than $47,500 per year.
The federal-regulation-mandated overtime will kick in once the salaried worker has worked more than 40 hours in a week.
