Tausi Insider

U.S. President Joe Biden speaks in Phoenix, Ariz., on Dec. 6. Ross D. Franklin/The Associated Press President Joe Biden’s administration on Thursday announced the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of about 350,000 Teamster workers and retirees across the United States. “It’s about everything you worked for … it’s about finding a dignified retirement,” Biden said. “Thanks to today’s announcement, hundreds of thousands of Americans can feel that sense of dignity again, knowing that they’re providing for their families and their future.” The money for the Central States Pension Fund is the largest amount of federal aid provided for a pension plan, the Biden administration said. It comes from the American Rescue Plan, a $1.9 trillion coronavirus relief package that he signed into law in 2021. “This matters,” Biden said. “This matters for workers … This matters for their spouses, this matt...

American Airlines flight information screens at O'Hare International Airport, in Chicago, on Dec. 22. Nam Y. Huh/The Associated Press Airlines cancelled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. The extreme weather coincided with the start of a holiday travel season that could be one of the busiest ever. The Federal Aviation Administration said Thursday that the winter storm was bringing blizzard conditions to the Midwest with major travel disruptions expected in Chicago, Detroit and Minneapolis-St. Paul. More than 1,500 U.S. flights had been cancelled Thursday and another 761 flights for Friday were scrapped, according to flight tracking website FlightAware. So far, 21 per cent of departing flights at Chicago’s O’Hare International Airport and 37 per cent of flights at Chicago Midway were cancelled Thursday. In the seven days ending Wednesday, the Transportation Security Administration said it screene...