President Obama is requesting that the Department of Labor develop rules to help states establish retirement savings programs for employees. The push follows the myRA proposal that Obama made last year to help workers save for retirement.
Treasury Secretary Jack Lew stated in a letter to Congress that economic uncertainty underscores the need to raise the U.S. debt limit. He feels that the government can probably meet its financial obligations until October 30 by continuing “extraordinary Measures” implemented in March.
VACo Contact: Vicky Steinruck, CPA