Obama expands workers' retirement savings options

By CHARLES BABINGTON, Associated Press Writer – Sat Sep 5, 7:35 am ET

WASHINGTON – The government is trying to make it easier for Americans to save for retirement, President Barack Obama said Saturday, as he noted the toll the recession has taken on extra income and savings accounts.

One initiative will allow people to have their federal tax refunds sent as savings bonds. Others are meant to require workers to take action to stay out of an employer-run savings program rather than having to take action to join it.