Warning over US pensions deficit
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Leading economists say US taxpayers may have to pay for a pensions shortfall at the agency that protects pensions funds.
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Britain faces a huge pensions crisis which must be tackled immediately to avoid future generations of the elderly seeing their incomes slashed by around 30 percent compared with those nowadays, an official report warned.
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The longer-term solvency of the US fund that insures traditional pensions is at risk, the director of the Pension Benefit Guaranty Corp.
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A government-commissioned report on UK pensions will say tomorrow that retirement savings are less than previously estimated, pension experts said, putting pressure on Prime Minister Tony Blair to act before elections.
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The chairman of the Federal Reserve warned today that the Federal government might have to scale back promises to the elderly.
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The US housing downturn may have serious financial repercussions, experts warn, hitting investment funds linked to sub-prime lending.
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The US budget deficit is set to hit a worse-than-expected $368bn this year, excluding war costs.
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MILLIONS face working an extra five years and saving more for their retirement to plug a Â£57bn pensions black hole, a report will warn tomorrow.
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US Treasury Secretary John Snow on Wednesday expressed his concerns about the huge US federal deficit but also said that an improving economy already is beginning to reduce the red ink.
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Discussions over British Airways' pension deficit could collapse, the T&G union warns.
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British Airways warns that its pension deficit is set to double to Â£2.1bn - despite a recovery in the stock market.
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People face poverty in retirement unless they save more, a major report into pensions will reveal. The Pensions Commission report says that there is a Â£57 billion shortfall in the amount people are saving for retirement.
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WASHINGTON - Stock markets in the United States dropped sharply Friday after Federal Reserve Board Chairman Alan Greenspan warned about the risks to the economy posed by continued high US trade deficits.
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US consumers' debts are an "accident waiting to happen", a leading economist  warns.
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Iin about 15 years, and probably less, this nation&#39;s retirement system will start to run a deficit, according to the Social Security&#39;s trustees.
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The US Treasury Department suspended investments in a federal employee pension fund on Thursday to keep the government below its borrowing limit, Treasury Secretary John Snow said in a letter to Congress.
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Millions of Britons face poverty in old age without radical reforms, analysts expect a politically-sensitive report on the country&#39;s creaking pensions system to say on Tuesday.