Loading...
Market
Biden administration to appeal Texas judge's overtime rule decision by Dec 31, 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official court records or announcements from the Department of Labor
Story
Texas Judge Permanently Blocks Biden’s Overtime Pay Rule for 4 Million Workers
Nov 15, 2024, 09:23 PM
A Texas federal judge has permanently blocked a Biden administration rule that aimed to expand overtime pay eligibility to approximately 4 million salaried workers. The rule, which took effect in July, intended to raise the salary threshold for overtime from $35,500 to a higher amount, thereby extending overtime benefits to more workers. This decision, issued on November 15, 2024, represents a significant setback for one of the Biden administration’s key labor policies. The judge who issued the ruling was appointed by former President Donald Trump. Business groups had opposed the rule, arguing it would increase costs for employers. The rule was part of an effort by the Department of Labor.
View original story
Similar markets
Ruling upheld • 25%
Ruling overturned • 25%
Settlement reached • 25%
No decision by deadline • 25%
Yes • 50%
No • 50%
Ruling upheld • 25%
Ruling overturned • 25%
Case dismissed • 25%
Other outcome • 25%
Yes • 50%
No • 50%
