U.S. Chamber of Commerce
Collapsing union pension plans win long-sought help from rescue package
WASHINGTON — Tucked in the Democrats’ massive coronavirus stimulus package was a long-awaited solution for a financial ticking time bomb: private pension funds on the brink of collapse, jeopardizing the retirement plans of millions of union members. The $1.9 trillion pandemic relief measure included $86 billion that will be used for grants to help shore […]
Trump reluctantly invoked an obscure wartime power. Here’s what it means.
WASHINGTON — As his administration came under fire for its handling of the COVID-19 outbreak, President Donald Trump last week invoked an obscure Korean War-era law to force General Motors to manufacture ventilators that could save patients’ lives. But Trump waited weeks to do so, raising questions about how effective his actions would be. “Our […]