Trump Proposes Cutting State Department Budget by 37% – WSJ

WASHINGTON—The Trump administration is proposing deep cuts in U.S. diplomatic and foreign-aid funding while dramatically increasing defense expenditures, a bid to fundamentally shift the emphasis of U.S. foreign policy that has sparked fierce criticism from lawmakers and international-affairs experts. The White House has proposed a spending cut of 37% to the State Department and U.S….

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The Champions of the 401(k) Lament the Revolution They Started – WSJ

Herbert Whitehouse was one of the first in the U.S. to suggest workers use a 401(k). His hope in 1981 was that the retirement-savings plan would supplement a company pension that guaranteed payouts for life. Thirty-five years later, the former Johnson & Johnson human-resources executive has misgivings about what he helped start. What Mr. Whitehouse and…

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