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...
Ohio carpenters multiemployer plan applies for benefit cuts

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The Southwest Ohio Regional Council of Carpenters Pension Plan, Austintown, applies to the Treasury Department for approval to reduce benefits in order to remain solvent.
Retirement advocates form coalition to gear up for tax reform

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As Congress begins to tackle tax reform, a coalition of business and benefit advocates formed to protect the tax advantages of retirement savings.
Senators ask Mnuchin to review process for too-big-to-fail label

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Key Senate Republicans urged the Trump administration to rethink the process for labeling firms whose failure could threaten the financial system, arguing it has led to substantial regulatory costs.
Western States multiemployer plan applies with Treasury for benefit cuts

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Western States Office & Professional Employees Pension Fund, Portland, Ore., is seeking permission to cut benefits for participants, including retirees, as part of a proposed rescue plan awaiting...
Donald Trump to nominate CFTC chairman, deputy treasury secretary

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President Donald Trump will nominate J. Christopher Giancarlo as chairman of the Commodity Futures Trading Commission and James Donovan as deputy treasury secretary.