Newsroom

By: Jonnelle Marte, Washington Post
May 30, 2016

One of the nation’s largest multi-employer pension funds said that it is out of ideas for ways to save itself from an impending failure.

After the Treasury Department rejected its Hail Mary proposal, which would have substantially cut benefits for some retirees, the Central States Pension Fund has little choice but to turn to a federal insurance program that is supposed to offer a lifeline to troubled pension funds.

But there’s one major problem — that program is expected to run out of money, too.

By: Associated Press
May 28, 2016

Officials say a planned wind-farm project in Lake Erie has received a $40 million federal grant for construction costs.

Democratic U.S. Rep. Marcy Kaptur of Toledo and other officials announced Friday that Lake Erie Energy Development Corp. will receive the U.S. Department of Energy money over the next three years.