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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
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Obama Wants to Give a Boost to Self-driving Cars

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January 13, 2016, 12:41 PM ET
Tesla Introduces Self-Driving Features With Software Upgrade
A member of the media test drives a Tesla Motors Inc. Model S car equipped with Autopilot in Palo Alto, California, U.S., on Wednesday, Oct. 14, 2015. Tesla Motors Inc. will begin rolling out the first version of its highly anticipated "autopilot" features to owners of its all-electric Model S sedan Thursday. Autopilot is a step toward the vision of autonomous or self-driving cars, and includes features like automatic lane changing and the ability of the Model S to parallel park for you. Photographer: David Paul Morris/Bloomberg via Getty ImagesPhotograph by David Paul Morris — Bloomberg via Getty Images
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The Obama administration will announce efforts to boost self-driving cars on Thursday, according to government officials.

Mark Rosekind, head of the National Highway Traffic Safety Administration, told reporters that Transportation Secretary Anthony Foxx will be in Detroit to talk about administration efforts to speed the introduction of self-driving vehicles.

There is not yet a clear legal framework governing the presence of driverless cars on U.S. roads.

Automakers and technology companies such as Alphabet Inc’s Google (GOOG) have called on regulators to clarify guidelines for introduction of autonomous driving technology, in part out of concern that a mishap involving a self-driving car could result in costly litigation.

A Google spokesman said the company will take part in Thursday’s announcement by Foxx. Detroit automakers are also likely to participate.

In December, Rosekind said he opposed a “patchwork” of state regulations on driverless cars and promised a “nimble, flexible” approach to writing new rules for self-driving vehicles.

Officials had said President Barack Obama might discuss advanced transportation efforts in his final State of the Union Address on Tuesday, but he did not.

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