Treasury department

United Furniture Workers pension fund gets OK to reduce benefits

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United Furniture Workers Pension Fund A won approval from the Treasury Department to cut benefits for participants, including retirees.
Congressional Democrats prod Treasury secretary to promote MyRA program

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Leading congressional Democrats asked Treasury Secretary Steven Mnuchin to do more to promote the MyRA retirement savings program.
Playing the long game: The case for ultralong Treasuries

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If well executed, issuing ultralong Treasury bonds could be a boon for many institutional investment markets in the U.S. and around the world.
Treasury calls for systemic risk designation leader at FSOC, Volcker changes in reform report

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The first in a series of reports responding to President Donald Trump’s call for revisiting financial regulations was released Monday by the Treasury Department.
Mnuchin fills top jobs at Treasury by avoiding Senate scrutiny

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Treasury Secretary Steven Mnuchin is trying to fill a leadership vacuum in his department by increasingly recruiting executives without Senate confirmation.
Crapo calls for 'bipartisan, common-sense' reform of financial regulations

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Reducing federal financial regulations is the top priority for the Senate Banking Committee, its leader said on Wednesday.
Appeals court rejects novel withdrawal liability challenge

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Employers contributing to multiemployer pension funds cannot use ERISA to challenge the withdrawal liability forced on them when they leave a distressed fund that is operating under a rehabilitation...
Treasury denies Automotive Industries Pension Plan’s benefit cut proposal

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The U.S. Treasury denies Automotive Industries Pension Plan permission to cut benefits for participants, including retirees, as part of a proposed rescue plan.
Congress agrees to fund federal government until September; fiduciary rule not touched

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Congress reached agreement on a $1.1 trillion omnibus spending bill early Monday that keeps the federal government running through Sept. 30.
UBS, BNP, RBS said to get subpoenas in U.S. Treasuries probe

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Federal prosecutors subpoena several banks as part of a criminal investigation into possible manipulation of the U.S. Treasuries market, according to people familiar with the matter.
Retirement savings deductions unchanged in Trump's tax plan

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President Donald Trump's tax plan unveiled Wednesday calls for cutting the corporate rate while simplifying individual tax rates and eliminating most deductions except those for retirement savings,...
MetLife seeks to stop government's appeal of ruling undoing SIFI designation

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MetLife asks the U.S. Court of Appeals for the District of Columbia Circuit on Monday to defer judgment on the government's appeal of a court decision undoing the firm's designation as a non-bank...