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US Treasury secretary says he has begun tapping federal retiree pension fund to avoid default
AP Economics WriterWASHINGTON (AP) — Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter...Tags: Jack Lew, Labor Day, Career and Workplace, Finance, Justice System
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Shield Pa. taxpayers from a 'pension tsunami'
Pennsylvania's pension crisis is about to hit state homeowners and taxpayers, and the results won't be pretty. The state's two pension systems — for state government workers and public school employees — are, together, more than $47...Tags: Bucks County, Career and Workplace, Finance, Justice System, Crime, Law and Justice
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FACTBOX-U.S. Treasury acts to avoid hitting debt limit
ReutersMay 20 (Reuters) - U.S. Treasury Secretary Jack Lew on Monday said the Obama administration was suspending investments in the Civil Service Retirement and Disability Fund, a government employee pension fund, to help the nation keep paying its bills now...Tags: Jack Lew, G7, Career and Workplace, Finance, U.S. Department of the Treasury
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Today's retirees face declining standard of living, study says
The retirement crisis is deepening, with recent generations of Americans less financially prepared for their golden years than their parents or grandparents, according to a new study. The study by the Pew Charitable Trusts suggests that people who...
Tags: Career and Workplace
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How much cash should you keep on hand for emergencies?
Dear Liz: A few years ago I finished paying off my debt and now am in the very low-risk credit category. I have savings equal to about three months' worth of bills and am working to get that to six months' worth. I'm wondering, though, about an...Tags: Career and Workplace, Credit and Debt, Disasters and Accidents, Family, Social Security
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Cullerton, Madigan square off with competing pension reform plans
— As Illinois lawmakers weigh a pair of competing pension reform plans this spring, a big factor they're considering is how much each approach would save the beleaguered state treasury. Illinois already spends more on government worker...
Tags: Donne E Trotter, Daniel Biss, Heather Steans, Pat Quinn, Finance
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FACTBOX-U.S. Treasury's tools to delay hitting debt limit
ReutersMay 17 (Reuters) - U.S. Treasury Secretary Jack Lew on Friday announced a series of steps the Obama administration is prepared to take so it can keep paying the nation's bills once a temporary suspension of the cap on the U.S. government's debt expires...Tags: Jack Lew, G7, Career and Workplace, Finance, Fannie Mae
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YOUR MONEY: How to see the world and 'arbitrage' your retirement
Reuters(The writer is a Reuters contributor. The opinions expressed are his own) By Chris Taylor NEW YORK, May 17 (Reuters) - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that...Tags: Finance, Career and Workplace, Securities, Real Estate, Malaysia
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How to see the world and 'arbitrage' your retirement
ReutersNEW YORK (Reuters) - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a...Tags: Career and Workplace, Finance, Securities, Real Estate, Healthcare Provider
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Secure your finances before helping family
When Harold Seybert retired a few years ago, money wasn't his biggest challenge. After a 35-year career building an East Coast supermarket chain, a rise that required 15-hour workdays, he had to come to grips with what he had missed at home. "I was...Tags: Career and Workplace, Finance, Economy, Business and Finance
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Boomers facing uncertainty of retirement, maybe working years more than they thought
The Great Recession saw unemployment rates double and the housing bust that proved far stronger and lasted much longer than anyone had expected. Through it all, retirement savings plans took a major hit. The economy is improving now. South Florida...
Tags: Career and Workplace, Finance, Employment Opportunities, Unemployment, Palm Beach (Palm Beach, Florida)
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Rich Danker: For real pension reform, inequality must be stressed
Just a few years ago, pension reform appeared inevitable. The drop in asset prices during the financial crisis had left public pension funds trillions of dollars behind on meeting future obligations. The defined benefit model was under fire as unduly...Tags: Temporary Assistance for Needy Families, Florida Legislature, Jack Latvala, Career and Workplace, Finance
May 20, 2013
|Story| AP Broadcast
May 20, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Reuters
May 17, 2013
|Story| Los Angeles Times
May 17, 2013
|Column| Los Angeles Times
May 18, 2013
|Story| Chicago Tribune
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Chicago Tribune
May 13, 2013
|Story| South Florida Sun-Sentinel
May 14, 2013
|Story| South Florida Sun-Sentinel
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