The news this morning is that they are asking the President for an executive order.
The analyses of how far reaching this will be tends to agree more with PM_Mama than with Ksig RC. Some sources:
http://www.time.com/time/business/ar...862737,00.html
http://www.marketwatch.com/news/stor...6BE8721E73E%7D
http://blog.oregonlive.com/myoregon/..._would_ha.html
I'm off to move what I still have in a 2030 fund over to money markets. The Asian auto stocks are tanking today.
ETA: They pick a heck of a day to have the retirement fund website unavailable for maintenance. GRRRRRRR Ironically, during a big chunk of the bad crashing in early October, we were unable to move any funds because they were in the process of changing which of our funds were available and had a "freeze" period.