Alex Acosta, President Donald Trump's nominee to be Secretary of Labor, testifies during his confirmation hearing before the Senate Health, Education, Labor, and Pensions Committee on Capitol Hill in Washington, D.C., U.S. March 22, 2017. REUTERS/Aaron P. Bernstein
WASHINGTON (Reuters) - R. Alexander Acosta, tapped by President Donald Trump to head the U.S. Labor Department, on Wednesday told a Senate panel he had reservations about an overtime rule put in place by the Obama administration, saying its effect on the economy needed to be considered.
At his confirmation hearing, Acosta conceded it was unfortunate the existing rules had not been updated in more than a decade because of cost-of-living increases.
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