WASHINGTON — U.S. Sen. Ted Cruz wants to give every American baby $1,000 — and he’s on course to get his way.
The inspiration came during a late night card game in April 2024 with professional poker player Phil Hellmuth, who told Cruz about Invest America, a group that promotes financial literacy in private investment. A few weeks later, Brad Gerstner, the group’s CEO, flew to the nation’s capital to meet with Cruz to pitch a federally facilitated savings account for every child in the U.S.
