MassMutual's Elaine Sarsynski on how advisors and sponsors can restore retirement confidence—or at least salvage what's left.

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.

Republican leaders tugged thousands of jobless North Carolina residents into their budget-cutting goal Wednesday with a plan that forestalls a potential state government shutdown and guarantees slashed spending in return for extending unemployment benefits.

The Alaska Senate on Wednesday defeated a measure to expand a health insurance program for low-income children and pregnant women.