The Department of Labor recently approved a new rule raising the salary threshold below which workers can qualify for overtime pay.
The Senate Committee on Health, Education, Labor and Pensions approved the nomination of Eugene Scalia to lead the Labor Department, a final move before he's confirmed by the entire Senate.
The Federal Reserve cut interest rates for a second time after its September meeting, but more committee members are opposing policy decisions.
Rep. Maxine Waters announced an overview of the committee’s agenda, which includes hearings on the state of minority depository institutions, stock buybacks, and innovations in loan instruments.
Commissioner Robert Jackson, whose term expired in June, said in a recent statement that he will stay on at the agency rather than return to teaching.