Senate confirms Marty Walsh to head Labor Department

Senate confirms Marty Walsh to head Labor Department
The Boston mayor, a former union leader, had the backing of the AFL-CIO.
MAR 23, 2021

In a 68-29 vote Monday, the Senate confirmed Boston Mayor Marty Walsh to be Labor secretary.

Walsh became a union member at 21 and rose to lead the Boston Trades Council, which represents ironworker and electricians unions, among others. He also served for 17 years as a Massachusetts state representative. He has been mayor of Boston since 2014.

Walsh's confirmation was a victory for AFL-CIO President Richard Trumka, who rallied his federation of 56 unions to back Walsh soon after Biden won the election in November.

"For four years, working families have lived with a Labor Department devoted to serving a handful of elite interests," Trumka said in a statement. "Now, the power to enforce safety and equity in our workplaces has been handed from a ruthless corporate lawyer to a proud union brother."

Leveraging video for authentic adviser marketing

Latest News

Advisor moves: &Partners reels in $524M RayJay team, Focus firm Eton Advisors welcomes Northern Trust alum
Advisor moves: &Partners reels in $524M RayJay team, Focus firm Eton Advisors welcomes Northern Trust alum

Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.

The exit planning conversations advisors need to have with business owners
The exit planning conversations advisors need to have with business owners

Financial advisors play an essential role in helping small business owners navigate their transition out of the company — and into retirement.

Workers trust their employer's financial advisors, but most still doubt they can retire
Workers trust their employer's financial advisors, but most still doubt they can retire

NFP data shows an engagement gap is holding back retirement readiness despite high trust.

Advisor moves: LPL attracts billion-dollar breakaways from JPMorgan, Buell Securities
Advisor moves: LPL attracts billion-dollar breakaways from JPMorgan, Buell Securities

Alan Feutz leaves the wirehouse in Illinois, while a team of five make a break from their Connecticut firm.

Trump teleprompter operator placed on unpaid leave amid probe into alleged Kalshi bets
Trump teleprompter operator placed on unpaid leave amid probe into alleged Kalshi bets

“The White House has extremely strict ethical guidelines with respect to issues like this,” said Press Secretary Karoline Leavitt.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income