Department of Labor abandons overtime rule

The U.S. Department of Labor told the U.S. Court of Appeals for the Fifth Circuit that it intends to abandon the Obama overtime rule, but it will work to determine and set a more reasonable salary level. The Obama white collar rule had raised the minimum wage from $23,660 to $47,476. The timing of this abandonment is uncertain as the department waits to initiate new rule-making until the the court affirms that the department has the right to set a minimum salary level.