On Tuesday afternoon, the House voted to pass a bill that Republicans have promoted since the Newt Gingrich era, one that would allow private-sector employees to exchange overtime pay for “compensatory time" off, electing to accrue extra hours off rather than extra pay in their wallets. The bill passed 229 to 197, largely along party lines.

The bill -- which supporters say would add flexibility to hourly workers' schedules while opponents worry that it wouldn't do enough to protect employees -- is not a new idea. It seeks to take a similar provision that has been available to government workers since 1985 and extend it to private-sector employees, making it legal for them to choose between an hour and a half of paid comp time and time-and-a-half pay when they work additional hours. READ MORE