Updated Wednesday, October 22, 2014 as of 5:53 PM ET

Top Treasury Official Defends 401(k) Tax Proposal, FSOC Moves

WASHINGTON -- Venturing into what might seem like hostile territory, a top Treasury Department official sat for an on-stage interview at the opening day of the annual general membership meeting of the Investment Company Institute, a group that has reacted critically to several financial regulatory initiatives undertaken by the Obama administration.

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