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With help from Myah Ward
BREAKING President Donald Trump issued pardons tonight to two former Republican congressmen who pleaded guilty to felony charges, as well as the campaign operative whose contacts with a Russian-aligned academic triggered the Trump-Russia investigation in 2016.
POLITICO
The president has been rewarding his allies with such positions in recent weeks.
The president named long-time confidant Hope Hicks to be a member of the board overseeing the prestigious Fulbright scholarship. | AP Photo/Andrew Harnik
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President Donald Trump on Tuesday announced plans to appoint another slate of top allies to various government boards, yet another sign that his time in office is winding to a close.
The president named Hope Hicks to be a member of the board overseeing the prestigious Fulbright scholarship. Hicks has long been one of Trump’s closest confidants outside of members of his own family and returned to the White House this year after leaving earlier in his presidency. Her Covid-19 diagnosis this fall touched off a deluge of positive tests throughout Trump’s orbit, including the president himself.
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Time Runs Out for Multiemployer Pension Reform in 2020
Senators Grassley and Alexander say it’s too late to include their plan in year-end legislation.
The clock has run out on multiemployer pension reform in 2020.
Republican Senators Chuck Grassley of Iowa and Lamar Alexander of Tennessee issued a joint statement this week saying there won’t be time to reach a deal to include the proposed reform in an end-of-year legislative package.
“For the past two weeks, we have engaged in intense negotiations with our Democratic colleagues in the Senate and House to seek a deal to resolve the impending multiemployer pension crisis,” the senators said. “We have reached the point where we are out of time to strike an agreement that can be scored by the Congressional Budget Office [CBO] and reviewed by our Senate and House colleagues.”
Athene will provide annuity benefits to approximately 70,000 GE retirees.
General Electric (GE) is transferring approximately $1.7 billion in pension obligations to Athene, while the BBC Pension Scheme has completed a £3 billion ($4.07 billion) longevity swap.
Athene has agreed to provide annuity benefits for approximately 70,000 GE retirees who are currently receiving benefits from the company’s pension plan. In total, GE is transferring approximately $1.7 billion in pension obligations to the insurance firm.
Under the agreement, Athene Annuity and Life Company and Athene Annuity & Life Assurance Company of New York will each issue a group annuity contract to GE and individual annuity certificates to applicable retirees. The two Athene subsidiaries will have direct payment responsibility for all the liabilities covered under the deal.