My Ra News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> susan, well explained. thank you very much for being here. great to see you. >> thanks a lot. coming up president obama announcing a new way for americans to save for their golden years. a retirement plan called the my ra. and custom agents detaining justin bieber's private jet for hours. we'll tell you what they were looking for. # i'm phyllis and i have diabetic nerve pain. when i first felt the diabetic nerve pain, of course i had no idea what it was. i felt like my feet were going to sleep. it progressed from there to burning like i was walking on hot coals...

So who would pick up the costs for as big a program as my r.a. >> it would be born by the taxpayer. >> that raises another question. >> the president is say yg can do this without an act of congress. congress is saying, wait a minute, this looks like a switch in the tax funds. >> that mail pale in comparison to the payoff of reinstilling a culture of saving. that could be an idea both parties like. >> doug, thank you. detroit sued its two retirement funds in bankruptcy kourbt, looking to make $1.5 billion of debt void. the lawsuit claims the contract the city entered into the debt sale was i...

Called myra as outlined in the state of the union address earlier this week, and he reemphasized this on the road. >> i will direct the treasury to create a new way for working americans to start their own retirement savings. and we're calling it my-ra. not ira, my-ra. and it's, what it is is, it's a new type of savings bond that we can set up without legislation that encourages americans to begin to build a nest egg. and it's simple. jenna: so what are the details of this, and does the president really have the authority to put this plan into action without the legislation like he just said i...

Americans to begin to build a nest egg. >> a generation of baby boomers facing retirement with savings depleted from the recession. and a culture of instant gratification has led to a nation unprepared for its financial future. >> there's no question that americans with lower incomes and even millions of middle income americans don't save enough. >> and like obamacare, a large number of young people would need to join in to make this work. the my r.a. plan would enable workers to save with a deposit as little as $20 and contribute as little as $5 each payday. the accounts would be portable fro...

All allen levine is a primary candidate in his home town of georgia, along with michigan, minnesota, and hawaii. the tactic is odd, but it appears to be legal. the constitution states a person elected to the house must be a resident of the state that is represented, so he argues he does not have to pick a state until he wins a primary. quote, i can represent the public no matter where i live. stop me if you have heard this before. a government program that needs lots of young people to sign up and the financial benefit goes to old people. correspondent doug mckelway examines a new and old id...