The $1.1 trillion government spending bill – which includes an amendment that could lead to cuts in retiree benefits among troubled multiemployer pensions – is now in the hands of the Senate after it was approved Thursday night by the House of Representatives.
There was relief by supporters of the amendment.
"A bipartisan Congress put workers and businesses one step closer toward having the tools they need to come together and save pension plans that are facing imminent bankruptcy," John Kline, the Minnesota Republican who is chairman of the Committee on Education and the Workforce, and George Miller, a California Democrat who is a ranking member on the committee, said in a joint statement. "Our bipartisan agreement should become the law of the land to help prevent the collapse of failing plans and better protect workers' retirement security.
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