State bid for retirement savings plan is blocked
A pioneering, California-led effort to create retirement security for low-income workers has been thrown into jeopardy after the U.S. Senate voted Wednesday to block states from starting programs to automatically enroll millions of people in IRA-type savings plans. The measure, aimed at stopping the fledgling state retirement programs, now goes to President Trump, who has vowed to sign it. That leaves lawmakers in California, Illinois and other states, who only months ago were celebrating the success of their long-planned [...]