President Donald Trump is expected to share more details Wednesday about the proposed "Trump accounts," an initiative that would provide newborns with a government-backed savings program.Alongside Treasury Secretary Scott Bessent, Trump will offer updates on the program, which was tucked into his landmark One Big Beautiful Bill Act.The accounts are designed to function much like traditional long-term investment vehicles, but with rules specifically intended to protect young savers. To kick-start the nest egg, the federal government will deposit an initial $1,000 into each new account.The progr...
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