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Treasury Launches $1,000 “Trump Accounts” for Babies

5/1/2026

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Story summary
  • Treasury Secretary Scott Bessent launched a $1,000 “Trump Accounts” program that invests for babies born during President Donald Trump until 18.
  • On April 29, 2026 Bessent met the Association of Mature American Citizens, said his poverty drives his push for financial literacy and warned lottery or crypto bets erode stability.
  • Budget experts said debt hit $39 trillion and halving the deficit to 3 % of GDP will need cuts and revenue hikes.