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On the same day Phyllis Borzi, DOL Assistant Secretary for Employee Benefits Security Administration, testified before Congress, Dale Brown, president and CEO of the Financial Services Institute, released a blunt statement on the DOL's proposed fiduciary rule, calling it troubling that we have reached this point in the process, and...

Hospital associations, labor groups, tea party supporters and die-hard liberals are plunging into the debt battle between President Barack Obama and Congress as it whirls toward a final showdown.

Lawmakers told Phyllis Borzi, head of the Department of Labors Employee Benefits Security Administration (EBSA) on Tuesday, to repropose the agency's controversial regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA), because the definition offered is too broad and because EBSA failed to examine the...

When the glow fades for those couples planning to wed Sunday when gay marriage becomes legal in New York, they will see a new reality: They won't be getting the same benefits as heterosexual couples.

The Senate has taken up tea party-backed House legislation tying an increase in the government's borrowing authority to a series of conservative demands including a constitutional balanced budget amendment.

Running out of time, President Barack Obama called Democratic and Republican leaders back to the White House on Wednesday for separate, bottom-line negotiations on how to prevent a disastrous government default — and perhaps cut staggering federal deficits as well.

The top Democrat in the House reacted positively to a new bipartisan budget plan emerging in the Senate, even as a top House GOP military hawk said it would cut defense way too much.

A new issue brief from the nonprofit Institutional Retirement Income Council tackles dilemmas and issues surrounding guaranteed lifetime income options that are just starting to pop up within the retirement plan market.