WATCH: Trump announces eligible U.S. children automatically enrolled in Trump accounts
Summary
President Donald Trump announced a new government program that automatically opens investment accounts called "Trump Accounts" for 70 million children under 18. These accounts will allow yearly contributions, including a government seed amount for children born between 2025 and 2028, to help them invest in stocks.Key Facts
- The program sets up automatic investment accounts for children under 18 across the U.S.
- Parents or legal guardians must claim the accounts using a website or app.
- The accounts allow after-tax contributions up to $5,000 a year.
- The government will put $1,000 into accounts for children born between 2025 and 2028.
- The program is part of the 2025 tax overhaul.
- President Trump also commented on other topics, including his endorsement of Texas Senate candidate Ken Paxton and his views on the Nobel Peace Prize.
- Trump proposed making his golf club in West Palm Beach a presidential retreat for future presidents.
- He discussed expectations that Russia will share more information about a lab worker’s death in Siberia.
- Trump said he might cut ties with political advisers working on Balkan election campaigns if conflicts arise.
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