Washington

Watch breaking news videos and read news updates about Washington on pionline.com

  1. Zell slams Pershing Square CEO over Herbalife action

    trueSam Zell ripped into William Ackman, CEO of Pershing Square Capital Management, for seeking to run down Herbalife Ltd. to bolster the hedge fund’s short position.

    Articles

  1. CFTC commissioner resigning

    trueScott O'Malia is resigning as a CFTC commissioner effective Aug. 8.

    Articles

  2. Dodd-Frank critics mark anniversary with reform ideas

    trueThe House Financial Services Committee wants to mark the fourth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act by repealing some provisions.

    Articles

  3. Moody's: Highway bill pension changes could mean $51 billion less in contributions

    trueSponsors of defined benefit pension plans will be allowed to defer $51 billion in pension contributions under legislation approved July 15 by the House as part of the bill extending the Highway Trust Fund, according to an analysis by Moody's Investors Service.

    Articles

  4. Slow process seen in naming Gotbaum successor at PBGC

    trueJoshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.

    Articles

  5. Gotbaum's legacy

     

    Articles

  6. SEC investigating hedge funds in House committee insider-trading probe

    trueSome of the country’s largest hedge funds are being investigated by the SEC as part of an insider-trading probe.

    Articles

  7. SEC money market rules vote set for July 23

    trueMuch-anticipated reforms for money market funds from the Securities and Exchange Commission will be decided at an open meeting July 23 in Washington.

    Articles

  8. Delphi retirees impatient with PBGC

    trueA group of Ohio legislators is pushing the Pension Benefit Guaranty Corp. to determine the pension benefits for 20,000 former employees of Delphi Corp. after a five-year wait.

    Articles

  9. House passes pension funding changes in Highway Trust Fund legislation

    trueMore generous pension funding calculations for defined benefit plans were approved Tuesday by the House, 367-55, as part of legislation extending the Highway Trust Fund.

    Articles

  10. Headwinds remain despite progress, Yellen tells Senate panel

    trueFederal Reserve Chairwoman Janet Yellen told a Senate committee Tuesday that “the economy is making progress, and eventually, if we continue, the day will come when I think it will be appropriate to raise the fed fund rates."

    Articles

  11. PBGC's Gotbaum to resign in August

    trueJoshua Gotbaum will resign in August as director of the Pension Benefit Guaranty Corp. In a letter sent to PBGC colleagues Friday, Mr. Gotbaum said that with three children in college, he promised his wife he would return to the private sector.

    Articles

  12. Senate's pension smoothing extension shorter than House proposal

    trueThe Senate Finance Committee called for pension funding stabilization, or smoothing, as part of a funding package for the Highway Trust Fund approved Thursday.

    Articles

  13. Credit Suisse seeks sentencing delay until decision on asset management waiver

    trueCredit Suisse is asking for its sentencing in a tax evasion case to be moved to at least Nov. 1 to give the U.S. Department of Labor enough time to decide whether to grant the bank a waiver to continue managing retirement plan assets.

    Articles