Manchin, GOP senators move to overturn retirement investment planning rule

Sen. Joe Manchin and a group of Republican senators are pushing to overturn a new retirement investment planning rule by the Labor Department, arguing it limits access to investment advice by expanding the definition of a fiduciary too broadly. They claim the rule represents federal overreach and could harm retirees by restricting financial advice and investment options. The Labor Department defends the rule, stating it ensures advisors provide honest, loyal advice without overcharging.