'Career killer': Obama's new overtime expansion under fire

May 18, 2016 3:06 PM

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As the Obama administration cheered “the worker wins” from a newly announced expansion of overtime pay, the directive drew a fierce backlash Wednesday from Republicans and the business community -- amid warnings that the move could backfire and hurt workers in the end.

“These rules are a career killer. With the stroke of a pen, the Labor Department is demoting millions of workers,” David French, a senior vice president for the National Retail Federation, said in a statement Wednesday morning.

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