TSP News

Connolly Accuses Labor Department of Overstepping its Authority on TSP’s I Fund
The House Oversight Committee has now stepped into the ongoing political battle over the TSP’s I Fund.
TSP Bounces Back for Federal Workers
The TSP is providing positive returns for investors in May as people are going back to work and the economy may start turning around.
The TSP Should Add, Not Delete Chinese Stocks
The author says that it is not in the best interest of federal employees to keep Chinese companies out of the TSP’s I Fund. https://www.forbes.com/sites/ricedelman/2020/05/26/the-federal-employee-retirement-plan-should-add-not-delete-chinese-stocks/#4472ce036299
The TSP Modernization Act: Expectations vs. Reality
The TSP Modernization Act was supposed to add flexibility for TSP participants, but is that what it really did?
TSP Announces CARES Act Loan Options
The TSP has announced details of temporary loan options under the CARES Act to help federal employees impacted by the coronavirus.

Financial News

Here's what happened to the stock market on Friday
Trump did not indicate the U.S. would pull out of the phase one trade agreement reached with China earlier this year, easing trader concerns for the time being.
House bill gives small businesses more time to use PPP loans and lets them spend less on payroll
The Paycheck Protection Program Flexibility Act, which passed in the House of Representatives on Thursday, eases loan forgiveness rules for small-business owners.
Expanded unemployment benefits could bump people from welfare, other assistance
Enhanced unemployment benefits could push jobless Americans off safety net programs like Medicaid, food stamps and welfare, or reduce their financial aid.
Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi
Women losing jobs at a higher rater than men isn't just an inequality problem — it's an economic one too.
Morgan Stanley is planning to bring traders back to New York headquarters next month, sources say
Morgan Stanley's move is an an early test of whether the financial capital of the world can safely reopen amid the coronavirus pandemic.

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