The Labor Department and President Obama announced Monday that salaried Americans making $50,440 or less will now be eligible for time-and-a-half overtime compensation, raised from the former $23,660 threshold. The millions of Americans affected won’t be able to see changes until 2016, and the rule will likely be challenged in court.
See "Obama Making Millions More Americans Eligible for Overtime", Noam Scheiber, July 1, 2015