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President Barack Obama's move to make more workers eligible for time-and-a-half overtime pay is being hailed by Democrats who see it as a potent midterm election issue and condemned by Republicans and business leaders as presidential overreach. Supporters say it will help the still fragile economy, critics say it will damage it further.

It is likely to affect millions of American workers.

"From my perspective, they have to be pulling numbers out of the air right now," said Washington labor lawyer Tammy McCutchen, referring to the conflicting claims by partisans that it would either help or hurt the economy. "We don't even know what the policy is going to be."

She's closer to the process than most. As administrator of the Labor Department's Wage and Hour Division during the George W. Bush administration, McCutchen oversaw the last rewrite of the program in 2004.

Currently, salaried workers making more than $455 a week, or $23,660 a year, aren't eligible for time-and-a-half overtime if some of their work is considered supervisory, even though many spend most of their day doing manual, clerical or technical work with few management duties.

Obama signed a presidential memorandum on Thursday directing the Labor Department to devise new overtime rules "to ensure that workers are paid fairly for a hard day's work." He's tossing out most of the rules McCutchen wrote in the process.

"Well, it's going to be bad for business," she said in an interview. "It's going to be good for my bottom line. Lawyers all over the country are going to be making a lot of money."

She called the rules "my babies. I spent two years of my life working on them. It's personal for me. It's going to be very sad to see them taking out a lot of the stuff I put in," she said.

But she also warned that the Obama administration should expect a rocky road ahead in implementing whatever new policy emerges just as the Bush administration faced last time around.

Those close to the process suggest it will take 12 months to 18 months for the agency to complete its new assignment.

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Obama Overtime Plan Already Stirring Controversy

President Obama has no business experience.

For most people, that might incline one to modesty. Not this president. To the contrary, he believes he knows how an auto company should be run, what policies health-insurance companies should offer, the wages, say, a part-time worker in a family restaurant should receive and what banks should pay in bonuses.

Now the president has found a new area in which to intervene. Yesterday he directed his Labor Department to make millions of salaried managers eligible for overtime pay. Under existing rules, employers must pay overtime to salaried workers earning less than $455 a week. Though Obama didnt set a new figure, most expect it to be more than double that amount.

The rhetoric out of Washington will have you believe this is justice for all those evil corporations making record profits while stiffing employees. That may make for a good election-year sound bite. But its surely not the tonic for a nation where a record number of Americans have given up on the job market altogether.

Like so many of Obamas recent actions, this one will not be done through legislation. Instead, it will be engineered simply by changing the regulations. Its the same logic behind the boost in the minimum wage. Washington decrees and people get richer.

That, at least, is the theory. The reality is that when government makes people more expensive to employ, sooner or later it will mean fewer people are hired or employed.

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Obama, Inc.

President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills.

The legislation, which cleared Congress on Thursday, reverses much of a 2012 overhaul of the government's much-criticized flood insurance program after angry homeowners facing sharp premium hikes protested.

The Senate's 72-22 vote sent the House-drafted measure to Obama. White House officials said he'll sign it.

The bill would scale back big flood insurance premium increases faced by hundreds of thousands of homeowners. The measure also would allow below-market insurance rates to be passed on to people buying homes in flood zones with taxpayer-subsidized policies.

Critics say Washington is caving to political pressure to undo one of the few recent overhauls it has managed to pass.

"While politically expedient today, this abdication of responsibility by Congress is going to come back and bite them and taxpayers when the next disaster strikes," said Steve Ellis, vice president of Taxpayers for Common Sense, a Washington-based watchdog group. "Everyone knows this program is not fiscally sound or even viable in the near term."

The hard-fought 2012 rewrite of the federal flood insurance program was aimed at weaning hundreds of thousands of homeowners off of subsidized rates and required extensive updating of the flood maps used to set premiums. But its implementation stirred anxiety among many homeowners along the Atlantic and Gulf coasts and in flood plains, many of whom are threatened with unaffordable rate increases.

The legislation offers its greatest relief to owners of properties that were originally built to code but subsequently were found to be at greater flood risk. Such "grandfathered" homeowners currently benefit from below-market rates that are subsidized by other policyholders, and the new legislation would preserve that status and cap premium increases at 18 percent a year. The 2012 overhaul required premiums to increase to actuarially sound rates over five years and required extensive remapping.

Many homeowners faulted the Federal Emergency Management Agency's implementation of the 2012 law. In some instances, homeowners from areas that had never been flooded were shocked and frightened by warnings of huge, unaffordable premium increases. The resulting uproar quickly got the attention of lawmakers and peppered them with complaints.

"In many cases, these are people with $100,000 homes that are getting (flood insurance) bills that are more than their mortgage payments," said Rep. John Fleming, R-La. "You had certainly a significant number of people who were really going to be hurt seriously through no fault of their own."

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Obama to Sign Relief From Flood Insurance Hikes

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