The Trump administration is exploring options to create a retirement savings plan for workers who don’t have access to an employer-sponsored account. The move would not require action by Congress, people familiar with the discussions told news website Semafor on Tuesday.

President Donald Trump is considering mentioning the concept in his State of the Union address on Tuesday, sources told the outlet.

The proposal would complement the administration’s broader push to combat cost-of-living increases, which has centered in part on a children’s savings initiative known as Trump Accounts.

One option under consideration is to revive former President Barack Obama’s myRA program, details ⇒

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