The overtime rule is one of the furthest-reaching economic reforms that President Joe Biden has pursued unilaterally through the federal rulemaking process. It would dramatically expand the share of workers who are entitled to time-and-a-half pay when they work more than 40 hours in a week.

The Labor Department estimated that an additional 4 million lower-paid salary workers would become eligible for overtime protections in the first year under the new rule.

The rule would have required employers to pay overtime premiums to salaried workers who earn less than $1,128 per week, or about $58,600 per year, when they work more than 40 hour