If you make less than $55,000, the Labor Department wants you to start getting overtime pay

• The Department of Labor proposed a new rule that would update who's eligible for overtime.
• Currently, workers making under about $36,000 can get extra pay for extra hours.
• Under the new proposal, that threshold would rise to $55,000, benefiting millions of workers.

The Biden administration's labor department wants to make sure you get paid for extra hours you're working — even if you're in a salaried position.