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The Independent UK
The Independent UK
National
Fatima Hussein

Melania Trump announces spinoff of Trump accounts for kids in foster care

Melania Trump Trump Accounts Scott Bessent Treasury Department

First lady Melania Trump and Treasury Secretary Scott Bessent have unveiled "Fostering the Future Accounts," a new initiative providing a $1,000 initial deposit for eligible newborns, particularly those in foster care.

This program, a spinoff of the existing Trump Accounts investment funds, aims to give children a crucial financial head start.

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