President Donald Trump said on Monday the federal government has deposited the first $1,000 (£749) into more than 500,000 Trump Accounts, and parents of eligible children born between 2025 and 2028 can now claim the money through a one-page tax form or a government website.
Trump rang the opening bell from the Oval Office alongside executives from the New York Stock Exchange and Nasdaq to mark the launch on 6 July. 'We're doing something much better than giving the next generation a handout,' he said. 'We're giving them ownership of America's future.'
