US Department of Labor
Coverage of US Department of Labor in the Nexus archive.
- Democrats oppose Trump officials’ effort to include crypto in 401(k) plans
Congressional Democrats are opposing a US Department of Labor proposal to allow 401(k) investments to include cryptocurrency, private credit, and private equity. The lawmakers argue the change would expose workers to riskier and more complex investments, citing potential legal challenges and financial risks for retirement savings.
- Democrats oppose Trump officials’ effort to include crypto in 401(k) plans
Congressional Democrats oppose a US Department of Labor proposal to allow 401(k) investments in cryptocurrency, private credit, and private equity, citing increased financial risk for workers. A letter from Senators Bernie Sanders, Elizabeth Warren, and House member Bobby Scott argues the change would expose $14.2tn in retirement savings to volatile assets and likely face legal challenges.
- A proposal to change foreign workers’ wages could threaten American jobs
A proposal to change foreign workers' wages could impact American jobs, as artificial wage inflation may not protect American workers. The proposal aims to adjust wages for foreign workers, potentially affecting the US job market. This change might lead to unintended consequences for American employees.
- STAT+: Provider, insurer groups rush to shape No Surprises Act arbitration rules
The federal government is set to unveil changes to the No Surprises Act's arbitration process, with health care providers and insurers meeting with officials to shape the rules. The departments of Health and Human Services, Labor, Treasury, and the Office of Personnel Management released an initial version of the rule in November 2023. Providers have had more meetings with officials than insurers.
- Treasuries Gain Ahead of US Payrolls With Jobs Growth Expected
Treasuries are expected to gain ahead of the US payrolls report, with jobs growth anticipated. The report is likely to impact the market and provide insight into the current state of the economy. Jobs growth is a key indicator of economic health.
- US Initial Jobless Claims Up Slightly, Continuing Claims Near Two-Year Low
US initial jobless claims have increased slightly, while continuing claims are near a two-year low, indicating a relatively stable labor market. The slight uptick in initial claims suggests some potential volatility, but overall, the jobs market remains strong. Continuing claims being near a two-year low is a positive sign for employment stability.