Legislation

Senate approves final defense bill with retirement reforms

Senate approves final defense bill with retirement reforms

The Senate on Tuesday passed a revised defense spending bill that includes reforms to the military retirement system.

November 11, 2015 | 03:43 pm
Pennsylvania leaders reach tentative agreement on budget, pension reform

Pennsylvania leaders reach tentative agreement on budget, pension reform

Pennsylvania Gov. Tom Wolf and state Republican legislative leaders have reached agreement on a tentative framework for a final budget that includes pension reform, said Jeffrey Sheridan, spokesman...

November 11, 2015 | 12:16 pm
House committee passes bill to increase transparency in SIFI designations

House committee passes bill to increase transparency in SIFI designations

Bipartisan legislation passed by the House Financial Services Committee gives the Financial Stability Oversight Council new ways to address potential risks to the financial system, beyond designating ...

November 04, 2015 | 11:26 am
House approves large PBGC premium hikes in budget deal

House approves large PBGC premium hikes in budget deal

The House of Representatives approved a bipartisan budget deal late Wednesday that calls for significantly higher premiums paid by single employers to the Pension Benefit Guaranty Corp., in a 266-167 ...

October 28, 2015 | 06:07 pm
House passes bill to delay DOL fiduciary rule; White House pledges to veto it

House passes bill to delay DOL fiduciary rule; White House pledges to veto it

The Department of Labor would have to stop its efforts to update a fiduciary rule and let the Securities and Exchange Commission act first under a bill passed by the House of Representatives late...

October 28, 2015 | 11:26 am
Proposed budget will increase PBGC premiums 22% over 3 years

Proposed budget will increase PBGC premiums 22% over 3 years

Further hikes in PBGC premiums will help pay for a federal budget bill agreed to by the White House and congressional leaders late Monday.

October 27, 2015 | 04:12 pm
Military retirement reform stalled by defense spending bill veto

Military retirement reform stalled by defense spending bill veto

President Barack Obama vetoed a fiscal year 2016 defense spending bill that included reforms to the military retirement system.

October 23, 2015 | 02:54 pm
Debt limit deadline now Nov. 3, Treasury secretary says

Debt limit deadline now Nov. 3, Treasury secretary says

The U.S. government will hit its debt limit no later than Nov. 3, Treasury Secretary Jacob Lew said in a letter to Congress Thursday, calling on lawmakers to raise the debt ceiling “without...

October 15, 2015 | 02:20 pm