Biden Announces $36 Billion Pension Fund Bailout

President Joe Biden announced a $36 billion bailout for the Central States Pension Fund, one of the nation’s biggest multi-employer plans, touting the help for union workers and retirees as he looks to mend ties with organized labor after a contentious rail deal. Republicans call the bailout a handout to Biden’s union allies. He spoke at the White House.

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Source: Bloomberg Markets and Finance