Congress Passes Pension Relief Bill; Bush Expected to Sign into Law

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Leg­is­la­tion expect­ed to save U.S. com­pa­nies over $80B in pen­sion con­tri­bu­tions over 2-years was passed by the Unit­ed States Con­gress and went to Pres­i­dent Bush for his expect­ed sig­na­ture into law. Busi­ness­es lob­bied hard for the bill, which was intend­ed as a tem­po­rary mea­sure while Con­gress works on a longer-term reform.