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Congress Approves $1,000 Baby Accounts; Dells Pledge $6.25B

12/6/2025

24 4 Full Breakdown

Summary

Story summary

Congress passed a tax and spending bill that includes a provision to establish investment accounts for newborns.
Billionaires Michael and Susan Dell pledged $6.25 billion to support the initiative, dubbed the "Trump Accounts."
Some Republicans back the program, proposing a $1,000 account for American babies.
The Financial Times podcast discusses the plan's details and the motivations behind Republican support.

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Story summary

Congress passed a tax and spending bill that includes a provision to establish investment accounts for newborns.
Billionaires Michael and Susan Dell pledged $6.25 billion to support the initiative, dubbed the "Trump Accounts."
Some Republicans back the program, proposing a $1,000 account for American babies.
The Financial Times podcast discusses the plan's details and the motivations behind Republican support.