Washington Is Making It Tougher to Retire
Older Americans will need to save more for retirement, even as their health care costs rise.
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Americans face two big problems as they get older: a shortage of retirement savings and the skyrocketing cost of health care. Both may be about to get worse after two narrow votes in Congress this week.
On Wednesday, the Senate voted 50 to 49 to undo a regulation, finalized under President Barack Obama, that makes it easier for states to launch retirement savings programs. On Thursday, the House of Representatives voted 217 to 213 to approve the American Health Care Act, or AHCA.