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  • Man Rescued From Fall At High Steel Bridge

    steelbridgerescue A hiker who fell down a steep embankment beneath Washington state's highest bridge was hoisted to safety in a dramatic rescue operation Tuesday. A Special Operations Rescue Team from several Mason County agencies found the 25-year-old Bremerton man under High Steel… Read More +

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  • Thurston County Fair Opens Wednesday

    tcfairThe 2014 Thurston County Fair is Wednesday, July 30 through Sunday, August 3. Plan to enjoy the food, fun, history, and heritage at the County's signature summer event. The 2014 theme is "Fun for the Whole Herd!”  Admission to the fair… Read More +

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  • Mariners Over Indians 5-2

    mariners logo NewHisashi Iwakuma kept his road record spotless since last July, pitching seven strong innings to lead the Seattle Mariners to a 5-2 win over the Cleveland Indians on Tuesday night. Iwakuma (9-5) improved to 9-0 in his last 14 road starts, the second-longest such streak in club history. He is 5-0 outside Seattle this season. Dustin Ackley hit a two-run double in Seattle's four-run fourth against Trevor Bauer (4-6).

    Read More
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President Obama Outlines His New Retirement Program

b_250_0_16777215_00_images_obgrabber_2014-01_90742271c8.jpgMANDEL NGAN/AFP/Getty Images (WEST MIFFLIN, Pa.) -- President Obama exercised his executive authority with the stroke of a pen Wednesday to create a starter retirement savings program for American workers whose workplaces do not provide traditional 401ks. “What I'm hoping is that working Americans will take a look because I want more people to have the chance to save for retirement through their hard work,” the president said at the U.S. Steel Irvin Plant in West Mifflin, Pa.

“Wherever I can take steps to expand opportunity for more families, regardless of what Congress does, that's what I'm going to do because I am determined to work with all of you and citizens all across this country on the defining project of our generation, and that is to restore opportunity for every single person who's willing to work hard and take responsibility in this country,” he said.

The president signed the memorandum creating the new retirement savings plan in front of the crowd at the steel plant before handing it over to Treasury Secretary Jack Lew.

The new program, called MyRA, will allow Americans to contribute as little as $5 from each of their paychecks to a retirement account.   The plan is aimed at low- and middle-income households making up to $191,000 a year.

The new plans will be offered as a Roth IRA account and will be backed by the U.S. government.  Initially, workers can make investments as low as $25 and contributions for as little as $5 can be made through payroll deductions.  They will earn the same interest rate as federal employees do in the Thrift Savings Plan Government Securities Investment Fraud and can withdraw their money at any time without tax penalties.

The program will be available in a pilot mode for employees of employers who sign up to participate by the end of the year.

The president’s stop in Pennsylvania was his second after his State of the Union address where he told Congress he is willing to exercise his executive authority if they are not passing legislation on issues like the minimum wage and retirement security.

On Thursday, the president travels to Milwaukee and Nashville, Tenn., for additional events.

Copyright 2014 ABC News Radio

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