Obama-Era Overtime Rule Could be Finished

June 30, 2017

Image Caption: 
Chipotle is facing a possible lawsuit in New Jersey regarding the overtime rule.
The Department of Labor has moved away from the regulations.
Exclusive Brief: 
1

On Friday, the Department of Labor stepped back from the Obama-era rule that would have made any salaried employee making less than $47,476 eligible for overtime. Former President Barack Obama gave the DOL guidance to update the overtime regulations in 2014, a move that would have impacted roughly 85 percent of American managers at local businesses, according to Homebase’s customer analysis report.