Broker Regulation

A summary of employee benefits news, reports and controversy from around the web.

Congress sent President Barack Obama hard-fought legislation cutting a record $38 billion from federal spending on Thursday, bestowing bipartisan support on the first major compromise between the White House and newly empowered Republicans in Congress.

Tough re-election campaigns looming, a handful of moderate Senate Democrats voted on Thursday to keep the money flowing to President Barack Obama's health care law despite increasing public opposition to the year-old overhaul.

The House, in a bipartisan vote, has passed a yearlong government funding measure cutting $38 billion from the budget and closing out sometimes quarrelsome negotiations between the Obama administration and Republicans dominating the House.

A comparison of President Barack Obama's latest deficit reduction proposal with a Republican plan written largely by Rep. Paul Ryan of Wisconsin.

The House and Senate are ready to vote on legislation cutting almost $40 billion from the budget for the current year, but President Barack Obama and his GOP rivals are both eager to move on to multi-year fiscal plans that cut trillions instead of billions.