"Biden Administration Expands Overtime Pay Coverage for Salaried Workers"

The Biden administration's Labor Department has proposed a new rule that would raise the salary cap for receiving overtime pay, potentially granting millions more salaried workers time-and-a-half pay for hours worked beyond 40 each week. The plan would increase the threshold for salaried workers to receive overtime pay to $1,059 per week, making approximately 3.6 million more workers eligible for the paycheck boost. The proposal received pushback from some business groups, citing concerns about rising labor costs and administrative burdens.