Congress is nearing a vote on arguably the biggest change to private pension law in decades.

The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law. A cornerstone of some collective bargaining agreements, multi-employer plans cover more than 10 million workersmostly in construction but also in the transportation, manufacturing, retail and service sectors

The Congressional Progressive Caucus is pushing its nearly 70 Democrats to oppose a sweeping funding bill on Thursday because it rolls back a key aspect of the Dodd-Frank financial reform law.

Wednesday, 26 March 2014 00:00

The Pentagon's Phony Budget War

Or How the U.S. Military Avoided Budget Cuts, Lied About Doing So, Then Asked for Billions More. Washington is pushing the panic button, claiming austerity is hollowing out our armed forces and our national security is at risk. That was the message Secretary of Defense Chuck Hagel delivered last week when he announced that the Army would shrink to levels not seen since before World War II.

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