New Biden rule extends overtime to millions of salaried workers

The Biden administration announced a rule Tuesday aimed at ensuring workers whose annual salaries are roughly $59,000 or less are compensated fairly when working overtime.

The Labor Department said the rule would increase the salary thresholds required to exempt salaried workers from federal overtime pay requirements.

Starting this July, the office said the salary threshold would rise to $43,888, and then jump to $58,656 in January 2025.

“The July 1 increase updates...