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Newsom Praises Trump Accounts, Backed by Dell $6.25B

8/23/2026

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Story summary
  • California Governor Gavin Newsom praised President Donald Trump’s Trump Accounts as a top administration achievement.
  • The program provides $1,000 federal seed money to children born Jan 1 2025–Dec 31 2028.
  • Parents, guardians or employers may contribute up to $5,000 yearly.
  • Accounts auto-create in October.
  • Michael and Susan Dell pledged $6.25 billion to seed accounts for 25 million low-income kids.