Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Bill to Fix Big Secure 2.0 Drafting Errors Is Coming
By John ManganaroOne error: a provision that would errantly prohibit catch-up contributions in 401(k) plans and IRAs.
May 19, 2023
S&P 500 Could Plunge 20% if U.S. Fails to Raise Debt Ceiling: UBSThe analysis by the bank's strategists was posted Friday morning, before bipartisan talks in Washington were put on a "pause."
May 19, 2023
McCarthy Pauses Debt-Limit Talks as Clock Ticks Down"We caution investors not to overestimate how quick or smooth the path to the finish line will be," said Evercore strategist Tobin Marcus.
May 19, 2023
Waiting to Fix Social Security Just Increases the Pain, GAO WarnsThe earlier the course correction, the more gradually changes can be phased in, giving workers time to adjust.
May 18, 2023
Older Workers Are Stuck in Tough, Risky JobsThere's a "looming retirement crisis," and expecting people to work longer is an unrealistic solution, Teresa Ghilarducci says.
May 17, 2023
Kotlikoff Joins Laffey Presidential Campaign as Chief Economic AdvisorCampaign leaders say the economist will help present a vision that will resonate with voters of all stripes.
May 10, 2023
6 New Estate Tax Bills in Congress NowProposals range from hiking rates on the super-rich to eliminating estate taxes entirely.
May 09, 2023
White House, McCarthy Disavow Short-Term Debt-Limit ExtensionTreasury Secretary Janet Yellen says the U.S. could exhaust its ability to meet its obligations by June 1.