Obama makes new push to expand retirement savings

U.S. President Barack Obama boards Marine One as he departs from the White House in WashingtonU.S. President Barack Obama will propose in his upcoming budget measures to help more than 30 million Americans save for retirement, such as automatically enrolling workers in Individual Retirement Accounts and making it easier for workers to keep savings when they switch jobs, according to the country’s labor secretary. Labor Secretary Tom Perez unveiled parts of the plan on Monday before heading to California’s Silicon Valley to meet with venture capitalists and technology executives about bolstering retirement savings. Obama will present a spending plan Feb. 9 to Congress that serves as an outline of political priorities but very rarely comes to fruition.

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