5 takeaways from Trump's State of Union address

President Donald Trump delivered a nearly two-hour State of the Union address on Tuesday, focusing largely on the economy that he declared was set to boom. The president delivered the signature annual address as he sees his poll numbers on the economy plummet ahead of the 2026 midterms, which loom less than nine months away. Those elections threaten to shift control of Congress from Republicans and Trump's control of Washington along with it. Here are five takeaways from Trump's State of the Union: 1. 401 's for everybody Trump called for the creation of a government-backed 401 -like plan for U.S. workers who don't receive a retirement match from their employer. "My administration will give these oft-forgotten American workers, great people, the people that built our country, access to the same type of retirement plan offered to every federal worker," Trump said. "We will match your contribution with up to $1,000 each year." Trump said the plan would "ensure that all Americans can profit from a rising stock market." Trump and his administration have often caught flak for touting stock market gains as evidence of a booming economy, while millions of Americans are not invested in the market. A White House official granted anonymity to discuss the plan said it would grant eligible workers access to savings vehicles similar to the Thrift Savings Plan available to federal workers, which they said "provides for an efficient savings program that includes a government match and offers diversified, index‑based, investment options and portfolio choices." The plan would tap an existing program known as the "Savers Match" tax credit that was enacted under the 2022 Secure 2.0 law to provide an annual match of up to $1,000 to low-income workers beginning in 2027. Read more CNBC politics coverage State of the Union 2026 live updates: Trump speech Epstein files: Trump sexual abuse claims withheld by DOJ Senators tell CFTC prediction market contracts need clear guidance Democrats se...