The Labor Department proposed their long-awaited new overtime rule that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court. The new rule would require employers to pay overtime to so-called white-collar workers who make less than $55,000 a year. That's up from the current threshold of $35,568 which has been in place since 2019 when the Trump administration raised it from $23,660. In another significant change, the rule proposes automatic increases to the salary level each year. The new threshold is lower than many business groups anticipated and in fact, a​​ group of Democratic lawmakers had urged the Labor Department to raise the salary threshold to $82,732 by 2026, in line with the 55th percentile of earnings of full-time salaried workers. The proposed rule is subject to a 60-day public comment period before it is final and almost certainly will be the subject of litigation from the business community.