The legislation would delay the labor rule for six months.
In its petition, the NFIB called the deadline “arbitrary.”
The legislation phases in the rule over a three-year period.
The justices said the agency failed to explain why it changed its interpretation of the law.
Obama said the move is the biggest step he can take through executive action to raise wages.
The Speaker accused Obama of "rushing through regulations."
The White House has had 14 meetings on the rule since receiving it on March 14.
Tyson Foods argued not all employees were entitled to overtime pay.
The U.S. Court of Appeals upheld the Labor Department's action.
“Let’s put our money where our mouths are," Rep. Luis Gutiérrez said.
Middle-income workers with few managerial responsibilities now will be fairly compensated.
The Labor Department found companies mislabeled payments as reimbursements.
Eight senators asked the Obama administration to launch an investigation into Wells Fargo over wage...
A Labor Department investigation found that contractors were violating labor laws.
Business executives are bracing for the ramifications of the Department of Labor's (DOL) new...
Lamar Alexander is challenging the overtime rule under the Congressional Review Act.
The administration is all but ensuring that some salaried positions will now be forced into hourly...
The rule is under final review at the Office of Management and Budget.
The National Retail Federation called the rule "misguided and extreme."
The Labor Department said Halliburton incorrectly categorized job titles.
The rules will have a negative impact on many of the employees they were intended to help.
The rule will raise the salary threshold for overtime eligibility from $23,660 to $50,440.
New moves signal a sharp left turn from President Obama on economic issues.
The Supreme Court is taking up the appeal of a $5.8 million judgment against Tyson Foods.