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Joint Economic Committee Democrats released a fact sheet today on the state of retirement in the United States as Republicans attempt to pass Congressional Review Act legislation making it harder for Americans to save for retirement. Far too many workers do not have access to a retirement savings plan through their employer and many earn too little to save.
Government funding runs out on April 28th. Without an agreement to fund the government by then, the federal government will shut down, disrupting economic growth, increasing uncertainty for businesses and people who rely on public services or are awaiting a tax refund, and potentially triggering job losses across the economy–just as the nation experienced during the October 2013 shutdown.
For nearly six years, the Consumer Financial Protection Bureau (CFPB) has held financial companies accountable and protected consumers from unfair, deceptive, and fraudulent practices, returning billions of dollars to millions of consumers, including students and service members.
Medicaid provides an essential lifeline to around 70 million Americans who would otherwise be unable to afford health care and plays an essential role in containing overall costs in America’s health system.[i] The Republican plan would gut $370 billion from the Medicaid program over 10 years, putting mothers, children, and the elderly at risk of being kicked to the curb and throwing state government budgets out of balance.