On June 30, the U.S. Labor Department issued a proposed rule that would greatly expand the number of workers who are eligible for overtime. The announcement represents the first potential change to regulations in this area since 2004.The proposal is an outgrowth of a memorandum President Barack Obama issued in March 2014 directing the secretary of labor to “modernize and streamline” the regulations pertaining to exemptions from overtime for white-collar employees covered by the executive, administrative and …