U.S. House Minority Leader Kevin McCarthy, a Republican from California, from left, House Speaker Nancy Pelosi, a Democrat from California, and House Majority Leader Steny Hoyer, hold H.R. 748, Coronavirus Aid, Relief, and Economic Security (CARES) Act, during a ceremony in the Rayburn Room of the U.S. Capitol in Washington, D.C., U.S., on Friday, March 27, 2020.
WASHINGTON: Lawmakers in Washington are making it easier for Americans struggling with the fallout from the coronavirus to draw on the trillions of dollars in their 401(k)s and other retirement accounts.
For a limited time, Americans would be able to withdraw money from tax-deferred accounts without penalties under a stimulus package approved by the Senate and awaiting a vote in the House.
Limited time offer:
Just RM5 per month.
