"US Business Groups Challenge Biden's Overtime Pay Rule"

1 min read
Source: Yahoo Finance
"US Business Groups Challenge Biden's Overtime Pay Rule"
Photo: Yahoo Finance
TL;DR

U.S. business groups have filed a lawsuit to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, arguing it would force job cuts and limit hours. The rule raises the salary threshold for overtime pay from $35,500 to $58,600 per year. The case is being heard in Sherman, Texas federal court.

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