WASHINGTON
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.
The Senate Health, Education, Labor and Pensions Committee advanced Julie Su’s nomination for labor secretary in an 11-10 party-line vote.
James Gelfand was appointed CEO of the ERISA Industry Committee, replacing Annette Guarisco Fildes.
Labor secretary nominee Julie Su’s Senate confirmation hearing included questions on SECURE 2.0 and the department’s work on a new fiduciary rule.
Two House Republicans are pressing the PBGC about its response to potential improper payments within the Special Financial Assistance Program.
SEC Chairman Gary Gensler defended the agency's approach to cryptocurrency, among other topics, at a congressional oversight hearing.
As the deadline to raise the debt ceiling and avoid a crisis gets closer, doing so without spending cuts is not an option, Rep. Kevin McCarthy said.
An annual report to Congress revealed insights into women and minority representation among SEC staff and contracted businesses.
The main Social Security trust fund now has a projected depletion date of 2033, one year sooner than last year's estimate.
