The Senate on Thursday cleared a $1.7 trillion spending bill for fiscal 2023, sending the measure on to the House of Representatives for a separate vote...
The Senate on Thursday cleared a $1.7 trillion spending bill for fiscal 2023, sending the measure on to the House of Representatives for a separate vote ahead of a looming deadline to avoid a partial government shutdown.
The package includes a 10% boost for defense spending and a 6% increase in domestic spending, as well as measures that would automatically enroll workers into 401s and give billions of dollars in extra aid to Ukraine. Congress is racing to approve the measure before midnight Friday, when current government funding runs out.
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401(k) auto-enrollment to help retirement saversMost 401(k) and 403(b) plans would automatically enroll participants, with the initial automatic enrollment amount being at least 3%, if the Secure 2.0 package is passed this week.
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Senate passes $1.7 trillion bill to fund gov't, aid UkraineThe Senate has passed a $1.7 trillion bill to finance federal agencies through September, aid Ukraine and provide assistance to communities recovering from hurricanes, floods and other natural disasters
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