Trump Proposes $1,000 Accounts for Newborns

Former President Donald Trump has proposed the 'Trump Accounts' program, included in his 'Big Beautiful Bill,' to grant every American child born between 2025 and 2029 a $1,000 government-funded investment account. The accounts, overseen by guardians and tied to the stock market, allow up to $5,000 in additional annual contributions to help children build wealth for future education, business, or homeownership. At a White House roundtable, Trump was joined by CEOs from Dell, Uber, Goldman Sachs, and Robinhood, who pledged billions in private contributions for their employees' families. The House narrowly passed the bill without Democratic support, and it now faces skepticism in the Senate due to concerns about the national debt. Republican leaders, including Speaker Mike Johnson, praised the initiative as pro-family and transformative. The bill’s fate in Congress remains uncertain as debate continues.