More salaried workers to qualify for overtime pay starting July 1
The Biden Administration announced a new rule on Tuesday that will make millions more salaried workers eligible for overtime pay.
Fed’s preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
