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The Guardian - US
The Guardian - US
World
Joseph Gedeon in Washington

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

Donald Trump Mike Johnson Goldman Sachs Stock Market Uber
a father holds a newborn on his lap
The president’s initiative, if enacted, would provide investment accounts for babies born between 2025 and 2029. Photograph: Annie Otzen/Getty Images

Donald Trump unveiled a federal program Monday providing $1,000 government-funded investment accounts for American babies, getting backing from top business leaders who said they 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.

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