This was reported by Politico this morning:

OVERTIME TOMORROW: The Labor Department will announce its final overtime rule tomorrow. The rule will increase, to $47,500, the salary threshold under which virtually all workers are guaranteed time-and-a-half pay. Yes, that's $500 more than we told you before. We don't know why the change. It's also more than double the current threshold of $23,660 (though about $3000 below the threshold proposed in July).

The Labor Department considered changing the "duties test" used to determine whether people over the salary threshold qualified for overtime. (If your duties are executive, administrative, or professional, or fall into one of a few other categories, you do not.) That prospect rattled the business community, which was pretty rattled already about the new threshold. But in the end DOL decided to leave the duties test as is.

Vice President Joe Biden, Labor Secretary Tom Perez, and Sen. Sherrod Brown (D.-Ohio) will announce the rule at an event in Columbus, Ohio. We don't expect opponents to be pacified by DOL's $3000 markdown. The conservative Competitive Enterprise Institute, along with 16 other groups, will send a letter to members of Congress today urging them to support "all efforts to defund, block and otherwise nullify" the overtime rule.