Biden campaign raises $127M in June, touts best fundraising month so far
President Biden’s reelection campaign said it raised $127 million in June, its highest fundraising month of the campaign, and has raised a total of $264 million in the second quarter of 2024. The company said the campaign entered July with $240 million in cash on hand, a second-quarter total that was $75 million higher than […]
Teamsters pension fund returns $127M to Treasury after overpaying almost 3,500 dead participants
The Teamsters pension fund returned $127 million in overpayments to the U.S. Treasury this week — months after an internal investigation revealed nearly 3,500 dead members in its kitty. Thomas Nyhan, executive director of the Central States Pension Fund, which handles retirement benefits for the International Teamsters Association, announced the repayment amounts Monday as part […]
House Ed and Labor Committee subpoenas agency amid probe of $127M paid to Teamsters’ pension fund with deceased participants
The House Education and Labor Committee on Tuesday subpoenaed federal agency heads for obstructing an investigation into $127 million in payments to the Teamsters pension system, which included deceased participants. House Education and Labor Committee Chairwoman Virginia Foxx (R-North Carolina) criticized Gordon Hartgensis, director of the Pension Benefit Guaranty Corporation. subpoena “Two requests for information […]
House probe after $127M paid to dead Teamsters’ pension plan
The Biden administration is seeking a new congressional investigation after the agency that distributed tens of billions of dollars from the American Rescue Plan failed to prevent a $127 million donation to deceased Teamsters pension fund participants. facing. The House Education and Labor Committee sent a letter to the Pension Benefit Guaranty Corporation (PBGC) on […]