WASHINGTON - President Clinton will ask lawmakers for $54 billion over the next 10 years to subsidize retirement savings accounts for 76 million Americans, the White House said Thursday.

The price tag on the savings accounts, or RSAs, represents about 15% of a $350 billion tax cut sought by the President. He will also propose a test program for government-designed, affordable checking accounts, called "First Accounts," to be aimed at low-income people. Details were released Thursday morning in advance of the annual State of the Union address.

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