The agency says it will be neutral on whether retirement plan fiduciaries include cryptocurrency options. The U.S. Department of Labor on May 28 rescinded 2022 guidance that warned fiduciaries against including cryptocurrency in 401(k) retirement plans, reversing a Biden-era policy that critics said discouraged innovation in retirement investing. The 2022 compliance release had advised plan
The rescission request would codify some of the cuts made by the Department of Government Efficiency if approved by Congress. WASHINGTON—The White House will send Congress a request to claw back $9.4 billion in previously appropriated funds to public media and foreign aid. A spokesperson for the Office of Management and Budget (OMB) confirmed in
Defense officials say the Chinese communist regime is ramping up its aggression in the region. U.S. Secretary of Defense Pete Hegseth set off to Singapore on May 28 for a series of meetings that he said would “ensure that [the] region understands America will be strong.” “We seek no conflict with anybody, including the communist
Musk said the bill could be one or the other but not both. The White House and House Speaker Mike Johnson (R-La.) responded on May 28 to Department of Government Efficiency (DOGE) leader Elon Musk objecting to the major reconciliation bill that the congressional GOP is looking to send to President Donald Trump’s desk. Musk
The ruling, issued on May 27, represents a win for the Trump administration. A team of four staffers with the Department of Government Efficiency (DOGE) can now access a Treasury Department system, a federal judge ruled on May 27 in a win for the Trump administration. U.S. District Judge Jeannette Vargas allowed four employees with
The secretary of state said free speech is “a birthright over which foreign governments have no authority.” Secretary of State Marco Rubio announced on May 28 new visa restrictions against foreign nationals involved in censoring the speech of U.S. citizens. “For too long, Americans have been fined, harassed, and even charged by foreign authorities for
President Donald Trump said on Tuesday that the government would maintain its implicit guarantees for Fannie Mae and Freddie Mac, even if it moves forward with plans to take the mortgage giants public. Fannie Mae and Freddie Mac are government-sponsored entities that provide liquidity, stability, and affordability to the U.S. housing mortgage market, according to