Roughly 4.3 million U.S. workers will now be eligible for overtime pay under a new rule finalized Tuesday by President Joe Biden's Labor Department—in stark contrast to his Republican predecessor's rules that severely limited the number of workers who were eligible for required compensation when they worked more than 40 hours per week. Under the new rule, employers will be required to pay overtime premiums to salaried workers who work more than standard full-time hours if they earn less than $1,128 per week, or about $58,600 per year. Former President Donald Trump, now the presumptive Republican presidential nominee, may now have to defend his 2020 rule that set the overtime pay threshold at just $35,500 per year, leaving out millions of workers. U.S.
These Moves By Biden Administration May Make You More Money
Julia Conley, Crooks and Liars
Sat, 04/27/2024 - 3:49am
BING NEWS:
- House moves to override Biden’s 11th veto that pushed him past Trump mark
“Once again, the Biden Administration is prioritizing special interests over small businesses and American workers,” House Majority Leader Steve Scalise’s (R-LA) office said Sunday night before ...
05/6/2024 - 3:42 am | View Link - 3 Biden administration policies harming small businesses
The nation recently marked "Small Business Week," but the regulatory assault from the Biden administration has hardly been a cause for celebration.
05/6/2024 - 1:00 am | View Link - Biden administration rolls out international cybersecurity plan
The State Department’s international cyber strategy is aimed at setting goals for the US in leading on cyber norms at the United Nations, on AI issues and in countering China.
05/5/2024 - 11:00 pm | View Link - Trump says Biden is running a 'Gestapo' administration. It's his latest reference to Nazi Germany
Donald Trump told Republican donors at his Florida resort this weekend that President Joe Biden is running what Trump says is a “Gestapo administration.” ...
05/5/2024 - 8:58 am | View Link - Biden administration says 100,000 new migrants are expected to enroll in ‘Obamacare’ next year
Roughly 100,000 immigrants who were brought to the U.S. as children are expected to enroll in the Affordable Care Act’s health insurance next year.
05/3/2024 - 6:46 am | View Link - More
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