News

Labor Department proposes target date 401(k) rules

NEW YORK (Reuters) – The U.S. Department of Labor on Monday proposed a rule that will require employers to provide more information to their employees about the role of “target date” mutual funds in retirement plans. Read more

U.S., South Korea trade chiefs to meet on deal

WASHINGTON (Reuters) – Top U.S. and South Korean trade officials will meet on Tuesday and Wednesday in Columbia, Maryland to try again to resolve differences blocking U.S. approval of a free trade agreement, U.S. officials said. Read more

Tax, spending divide hampers deficit cut push

WASHINGTON (Reuters) – Two more proposals to cut the budget deficit emerged on Monday, underscoring a deep divide on taxes and spending that is likely to blunt the impact of a plan due in two days from a presidential panel. Read more

Pence embraces flat tax

He’s working hard to cultivate support among the fiscal conservatives that are driving the tea party. Read more…

Fed’s James Bullard says funding of consumer bureau a worry

WASHINGTON (Reuters) – St. Louis Federal Reserve President James Bullard said on Monday funding for a consumer protection office established under regulatory reform laws is not based on a clear sense of how much the bureau needs and is a source of concern. Read more