A federal program promoting retirement plans for low income workers was cut.
It was too costly to run, $70 million a year, according to U.S. Treasurer Jovita Carranza. Only $34 million was deposited in two years. The program was started in 2015.
https://www.treasury.gov/press-center/press-releases/Pages/sm0135.aspx
https://www.treasury.gov/press-center/press-releases/Pages/jl0250.aspx
