President Obama’s announcement Wednesday that bridge replacement would be accelerated under a new transportation plan includes one local project.
Speaking in Tarrytown, New York, Obama pointed to that city’s Tappan Zee Bridge replacement project – which is ahead of schedule -- as an example. And now, the President wants to broaden the list of such projects to be placed on the fast-track.
President Obama Tuesday declared Escambia and Santa Rosa Counties a major disaster area. That makes federal funding available to affected individuals, whose property sustained damage from severe storms, tornadoes, straight-line winds, and flooding from April 28th through Tuesday, May 6th.
Residents and business owners sustaining losses in Escambia and Santa Rosa can begin applying for assistance today by registering online at DisasterAssistance.gov, or by calling 1-800-621-FEMA.
In this week’s Economic Report, Dr. Rick Harper discusses issues ranging from President Barack Obama’s proposal to toughen regulations for overtime pay to the net worth of the U.S. rebounding back to pre-recession levels.
Currently, most hourly workers must be paid time-and-a-half if they work more than 40 hours a week. Most salaried workers do not need to be paid overtime, unless they earn less than $455 a week. But that works out to $23,660 a year, which is less than the federal poverty level for a family of four.