House Republicans passed a bill to raise the debt ceiling and cut spending that has little chance of passing in the Senate.

A default is unlikely, but congressional negotiations to raise the debt ceiling are likely to go down to the wire, said PIMCO's Daniel J. Ivascyn.

Denmark's PKA is building out its new in-house real estate unit to manage its local real estate holdings in a socially responsible way.

Los Angeles City Employees' Retirement System renewed the contract of EAM Investors' small-cap growth equities contract until July 31, 2026.

Ibstock Pension Scheme insured $236 million in liabilities through a second buy-in with Just Group.

The Labor Department issued guidance to address frequently asked questions for multiemployer plans receiving special financial assistance.

Former Intech executive Leanne Schmitt was hired by Star Mountain Capital as a managing director.

BCI's report for 2022 tracked its progress toward net-zero emissions and other ESG related matters.

Safeway Pension Scheme insured $1.7 billion in liabilities through a buy-in with Rothesay Life, its second with the insurer.

The Senate Health, Education, Labor and Pensions Committee advanced Julie Su’s nomination for labor secretary in an 11-10 party-line vote.

Lawrence H. Summers said the most important indicator for the U.S. economy over the next two to three months will be the Employment Cost index.

Robeco named three executives to lead institutional sales in the U.S., Canada, the Netherlands and the U.K.

Shao Ping Guan will join Allianz Global Investors in July after 16 years with Goldman Sachs Asset Management.

The challenging markets in 2022 were long overdue, said Aswath Damodaran of the Stern School of Business at the Morningstar Investment Conference.

P&I employees were recognized by the American Society of Business Publication Editors with two regional awards.

Dalia Blass, who helped oversee BlackRock's response to key policy issues including a Republican-led backlash to ESG investing, is leaving the firm.

A federal judge dismissed for a second time a lawsuit by former Microsoft Corp. employees who questioned offering a BlackRock target-date series.

A SIFMA survey showed median gross domestic product growth estimated at 0.2%, while the Federal Reserve projected 0.4% growth.