“The Biden administration has released $36 billion in bailout money for the Central States Pension Fund (CSPF) that will go toward protecting the pensions of over 350,000 workers, including drivers who work for or have retired from less-than-truckload carriers Yellow and ABF Freight.

The money was authorized within the Butch Lewis Pension Plan Relief Act of 2021, legislation that was rolled into the $1.9 trillion American Rescue Plan signed into law by President Joe Biden in March last year.”

Analyst Comment: US pension funds are a disaster. This is just a small part of what will be a massive series of bailouts.