Trump announces $1,000 government-funded accounts for American babies

The tax-deferred investment accounts will track the stock market for children born between 2025 and 2029

Donald Trump unveiled a federal program Monday providing $1,000 government-funded investment accounts for American babies, getting big time backing from top business leaders who plan to contribute billions more to an initiative tied to the big beautiful bill".

At a White House roundtable with over a dozen CEOs, including from Uber, Goldman Sachs and Dell Technologies, Trump relayed the details of Trump accounts" - tax-deferred investment accounts tracking stock market performance for children born between 2025 and 2029.