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The legislation would end state-provided health care coverage in retirement but not force teachers into a 401(k)-style retirement plan.

Following in the footsteps of recent votes to curtail public pension programs in both San Diego and San Jose, Calif., Los Angeles' mayor says he too may be interested in taking the issues to voters in the coming year.

Rep. Maxine Waters has asked the SEC to levy fees on investment advisors to pay for more thorough oversight, rather than putting FINRA in charge.

A new Gallup survey shows 68 percent of Americans still fault the former President for the nation's current economic woes; 52 percent blame Obama.

Republicans criticized the plan to balance a $15.7 billion deficit, saying it lacked public pension reform or a spending cap to control government costs.

'In hindsight,' CEO Jamie Dimon told lawmakers, 'traders did not have the requisite understanding of the risks they took.'