Former President Donald Trump has proposed eliminating taxes on overtime wages for individuals working beyond 40 hours per week, a move aimed at incentivizing work and simplifying hiring, but economists argue it could have unintended consequences and worsen the federal deficit.
Over 13,000 fans witnessed an instant classic as the Blades and Warriors battled in a thrilling Western Hockey League (WHL) series that will go down in history. The Warriors opened the scoring in the first period, but the Blades responded in the second. Despite both teams having ample opportunities, overtime was needed to determine the winner. Ultimately, it was Lynden Lakovic who sealed the victory for the Warriors, sending them to the WHL final against the Portland Winterhawks. The Warriors will now travel to the United States for Game 1 on Friday night.
For the second consecutive night, the WHL Eastern Conference final required overtime to determine a winner. The Moose Jaw Warriors and Saskatoon Blades traded blows throughout the contest, with the Blades ultimately securing a narrow 3-2 victory thanks to Fraser Minten’s goal in the extra frame.
The Los Angeles Kings rebounded from a disappointing Game 1 loss to beat the Edmonton Oilers 5-4 in overtime in Game 2 of their first-round playoff series. Anze Kopitar scored the game-winning goal just 2:07 into overtime, firing a wrist shot past Stuart Skinner’s glove and into the top corner on a breakaway. Kopitar also had two assists in the game. Adrian Kempe scored twice in the first period for Los Angeles, and Drew Doughty also scored in the first to give the Kings an early 3-1 lead. Kevin Fiala scored in the third, and Cam Talbot came up huge with 27 saves. The Oilers were led by Dylan Holloway, who scored twice, and Brett Kulak and Zach Hyman, who also scored. Skinner stopped 21 shots for Edmonton. The series is now tied 1-1 and Game 3 will be played on Friday night in Los Angeles.
The Biden administration has issued new rules that could allow many salaried workers to start collecting overtime pay. The Department of Labor announced it is raising the minimum salary threshold for exempt employees from $35,568 per year to $43,888 per year in July. The department also said the threshold will go up to $58,656, effective Jan. 1, 2025. This means that people making under $58,656 will be eligible for overtime in 2025.
The Florida Panthers extended their NHL playoff overtime winning streak to 11 games with a thrilling 3-2 victory over the Tampa Bay Lightning in Game 2 of their first-round series. Carter Verhaeghe scored the game-winning goal 2:59 into overtime, lifting the Panthers to a 2-0 series lead. Verhaeghe became the sixth player in NHL history with at least five playoff overtime gamewinners. Sergei Bobrovsky made several key saves for Florida, including a highlight-reel no-look diving save in the second period.
The Florida Panthers took a commanding 2-0 lead in their best-of-seven series against the Tampa Bay Lightning with a hard-fought 3-2 overtime victory in Game 2 on Tuesday. After taking a 2-0 lead into the second period, the Panthers watched as the Lightning rallied to tie the game. However, Carter Verhaeghe played the hero once again, scoring his 18th playoff goal for the Panthers just 2:59 into overtime to lift his team to victory.
The Biden administration has finalized a new federal rule that will expand overtime protections to millions of workers who are currently excluded under current law. The Labor Department’s regulation will ensure that salaried workers who earn less than $58,656 per year will automatically be entitled to overtime pay when they work more than 40 hours in a week, starting in 2025. The “overtime salary threshold” would then be updated every three years, starting in 2027, to account for inflation.
The U.S. Department of Labor (DOL) has expanded overtime eligibility to approximately 4 million salaried employees, increasing the minimum annual salary threshold effective January 1, 2023, and increasing it again on January 1, 2025. WorkMoney, a non-profit organization advocating for higher incomes and lower expenses for Americans, played a significant role in this decision. The organization gathered input from members who shared their personal experiences and perspectives, emphasizing the importance of fair compensation for overtime work.
