The Obama administration announced changes on Wednesday to the rules that determine the threshold of American workers entitled overtime wages. The Labor Department will settle it’s overtime protections for workers, extending overtime to an estimated 4.2 million additional workers who are not currently eligible under federal law.
The administration expects the action to increase wages for workers by $12 billion over the next decade. Meanwhile, House Speaker Paul Ryan blasted the rule, saying President Obama is rushing through regulations—like the overtime rule—that will cause people to lose their livelihoods.
