This week, the President announced a new initiative to protect Americans' retirement savings, hosted governors at the White House, thanked advocates for their work in securing a free and open Internet, and celebrated the first anniversary of the My Brother's Keeper initiative.
Find out more about the past week at the White House in our latest weekly wrap-up.
On Monday, the President announced major actions to update the rules in place to protect you and your retirement savings. Under our current system, financial advisors can accept a back-door payment or hidden fees for directing you toward a retirement plan that's not in your best interest. On average, these conflicts of interest cost Americans $17 billion in total losses every year.
That's why the President is directing the Department of Labor to crack down on this kind of behavior. Check out this quick explainer video and see what the President is doing to help.
President Obama hosted America's governors at the White House on Monday, and reaffirmed his commitment to working with them to make more progress across our country.
"I think we can make sure that the future for the next generation is even brighter than the one that we enjoyed," the President told the governors. "And I look forward to making progress together."
Yesterday, the FCC voted in favor of a strong net neutrality rule to keep the Internet free and open. That happened, in part, because millions of Americans stood up and made their voices heard -- by adding their names to petitions, submitting public comments, and talking with other people about why this matters.
Across the country, businesses are selling more goods and services abroad than ever before. In fact, every state helped the U.S. reach a nationwide record of $2.35 trillion in exports last year – with 26 states setting new annual export records.
A year ago today, President Obama launched the My Brother’s Keeper initiative. Twelve months later, we’ve seen a tremendous response from people and organizations at all levels that are answering the President’s call to action.
Businesses, foundations, and nonprofits across the country have committed hundreds of millions of dollars and in-kind resources to advance the objectives of MBK. More than 60 superintendents of our country's largest urban school districts have pledged to develop new strategies to help meet these objectives. And nearly 200 mayors, tribal leaders, and county executives — from 43 states and Washington, D.C. — have accepted the MBK Community Challenge and committed to improve life outcomes for young people in their area.
For more of the week's highlights, watch the latest edition of West Wing Week:
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