Hotel Carmichael exceeding financial expectations, could expand
Financial figures made public to the Carmel City Council show the luxury hotel has exceeded expectations for revenue and occupancy since its opening in 2020.
The move marks the largest expansion in federal overtime eligibility seen in decades. Critics said the regulation could saddle companies with new costs and add to persistent labor challenges.
The rule is set to take effect after 120 days, but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.
The TikTok legislation was included as part of a larger $95 billion package that provides foreign aid to Ukraine and Israel. President Joe Biden said he will sign it Wednesday.
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