Pensions

New York legislators approve state employee pension cuts by $80 billion over 30 years. Now 44 states have cut benefits to close budget gaps.

American Airlines floated the idea of eliminating pension programs for workers to help its financial situation. But now the airline is backing away from that idea.

This summer, the pension plans of government employees lost a staggering quarter-trillion-dollars in assets.

It looks like the bankrupt airline could hand over employee pensions to the Pension Benefit Guaranty Corporation. The PBGC's Josh Gotbaum talks about what would happen.

Today we heard a lot from Asia. The G-20 financial ministers and central bank governors gathered in Seoul, South Korea. Headlining their agenda is...

GDP grew significantly less fast in the last three months. Are we sliding back into recession?...