Finance :: Retirement
Despite an improving U.S. economy, retirement plans covering roughly 1.5 million workers are severely underfunded, threatening benefit cuts for current and future retirees, a federal watchdog agency warned Monday.
In a world suddenly more dangerous, you’d think fund managers and traders would be selling and buying and selling again in a frenzy of second-guessing. Instead, they’re the picture of calm and contentment.
Top environmental regulators for four Republican presidents told Congress what many Republican lawmakers won’t: Action is needed on global warming.
Four Social Security judges defended their work amid accusations they rubber-stamped claims for disability benefits, approving billions of dollars in payments from the cash-strapped program.
An internal audit revealed in more than 75 percent of all Veterans Affairs clinics, at least one scheduler said supervisors ordered them to falsify records of how long veterans were waiting. More than 57,000 veterans have been waiting up to three months.
Investors are embracing stocks, pushing the Standard & Poor’s 500 further into record territory. But investors are focusing on mutual funds that buy cheap or underappreciated stocks, ones called value funds.
Michigan’s House approved spending $195 million to help prevent steep cuts in Detroit retiree pensions and the sale of valuable art, a measure that would link the state with a broader deal designed to end the largest public bankruptcy in U.S. history.
Somebody’s not telling the Internal Revenue Service the truth about their alimony payments.
Americans looking to save for retirement are pouring money into stocks at the fastest pace in six years. CBS News Business Analyst Jill Schlesinger explains whether this is the right time to take those chances.
Seattle Mayor Ed Murray on Thursday proposed a phased-in increase of the minimum wage to $15 an hour over the next seven years - a compromise endorsed by both business and labor that would make the city’s pay baseline the highest in the nation.