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Trump's retirement proposal

State of the Union Takeaways

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Harris: Trump’s State of the Union speech ‘full of lies,’ reminded her of ‘show-and-tell’ Campaign | 20 minutes ago

Trump builds case for war with Iran ahead of pivotal talks International | 23 minutes ago

Trump State of the Union piles pressure on Johnson for second reconciliation push House | 25 minutes ago

Apple rolls out age verification tool Technology | 51 minutes ago

Trump’s atypical surgeon general pick faces Senate scrutiny: Key takeaways Health Care | 57 minutes ago

DOE loans Southern $26.5B Energy & Environment Newsletter | 1 hour ago

Omar says her State of the Union guest was arrested for standing during Trump’s speech House | 1 hour ago

Trump’s surgeon general nominee weaves through contentious Senate hearing  Health Care Newsletter | 1 hour ago

Bessent calls on Congress to cement retirement plan

Bessent on new Trump retirement plan: ‘We can do it through reconciliation’

Treasury Secretary Scott Bessent signaled Tuesday that lawmakers could use the budget reconciliation process to advance a new retirement proposal introduced by President Trump during his State of the Union address.

Trump announced that his administration plans to offer Americans who do not have a retirement savings plan through their employer, such as a 401(k), access to the same plan offered to federal workers.  

“We will match your contribution with up to $1,000 each year, as we ensure that all Americans can profit from a rising stock market,” the president said during his record-long speech.

Bessent was asked by NBC’s Kristen Welker following the address about how Trump’s idea would work in practice and whether it needed congressional approval.

“Well, we can do it through reconciliation,” he replied. “And again, this is the president coming back for working Americans. Those who have been left behind.”

The Treasury chief added that the proposal would be rolled out “in the coming weeks and months,” framing the initiative as a tool to help working Americans “who have been left behind.”

Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.

Did someone forward you this newsletter? Subscribe here.

Key business and economic news with implications this week and beyond:

Tariff rate for some nations will rise to 15 percent: Trade representative

U.S. Trade Representative Jamieson Greer on Wednesday said some nations will face a 15 percent tariff or higher as President Trump looks to rewire trade policy in the wake of a Supreme Court ruling that struck down most of his sweeping tariffs.

Bessent on new Trump retirement plan: ‘We can do it through reconciliation’

Treasury Secretary Scott Bessent signaled Tuesday that lawmakers could use the budget reconciliation process to advance a new retirement proposal introduced by President Trump during his State of the Union address.

Warner Bros. Discovery says Paramount raised its takeover offer

Paramount on Tuesday sweetened its offer to acquire Warner Bros. Discovery, as the David Zaslav-led media conglomerate pursues a sale of its entertainment studios and spinoff of its linear television assets.

Join Sen. Patty Murray (D-Wash.), Rep. Ashley Hinson (R-Iowa) and top strategists on March 4 to spotlight the women driving the 119th Congress. From AI to the economy, meet the women navigating the new political map. Register here.

Branch out with more stories from the day:

Your holiday gift returns might go to a landfill. Here’s what you can do about it

Roughly a third of the time, returns don’t make their way to another consumer. Because frequently, …

Business and economic news we’ve flagged from other outlets:

Nvidia reports earnings and guidance beat as AI boom pushes data center revenue up 75% (CNBC)

How Jeffrey Epstein Ingratiated Himself With Top Microsoft Executives (NYT)

Opinions related to business and economic issues submitted to The Hill:

Affordability will be key to Republicans’ success — or failure — in 2026

Get excited for tax season: Historic refunds are on their way

You’re all caught up. See you tomorrow! 

Copyright 2026 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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