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06-30-15 - Marketplace - Overtime Pay

06-30-15 - Marketplace - Overtime Pay

Airing on Tuesday, June 30, 2015: Puerto Rico is in dire financial straits, with its governor saying it cannot pay its $72 billion in debt. He wants to defer payments and negotiate with creditors. We look at what Puerto Rico's options. Next: President Obama announced Tuesday that he will update labor rules to allow workers extra pay for work beyond 40 hours. Marketplace's Scott Tong looks at who, exactly, will be eligible for overtime. Plus: in another sign that for-profit schools are feeling the heat, the University of Phoenix is making big cuts to its associate degree programs, closing some campuses and, for the first time, establishing admissions requirements. Marketplace explores the reasons why.