A new Congressional Budget Office report projects the Pension Benefit Guaranty Corporationâs multiemployer program to become bankrupt by 2025 under current law. CBO said Tuesday PBGC would be unable to pay $3 billion of
MoreSeveral lawmakers and consumer advocacy groups have called on Congress to introduce a bill that would allow the Central States Pension Fund to receive financial assistance from the federal government, the Washington Post
MoreState transportation agencies across the U.S. have been forced to put their road projects on hold amid the Highway Trust Fund’s looming insolvency, Federal Times reported Monday. Adrienne Lu writes the Transportation Department
MoreA Transportation Department official told lawmakers Wednesday that a funding shortfall in the agency’s highway trust fund could delay reimbursements to U.S. states carrying out infrastructure work, Reuters reported Wednesday. Elvina Nawaguna
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