US EditionTrump touts investment accounts for kids alongside billionaires, celebrities
The U.S. Treasury will deposit $1,000 into investment accounts for newborns from 2025 to 2028, with projections these could grow to $50,000 by age 18, though public awareness is low.
- On Jan. 28, 2026, U.S. Treasury Secretary Scott Bessent told reporters `Absolutely not` on intervention and reaffirmed that the `U.S. always has a strong dollar policy, but a strong dollar policy means setting the right fundamentals.`
- The U.S. dollar index fell 1.3% on Tuesday, its biggest one-day slide since April, while Reuters reported last week that the New York Federal Reserve reviewed dollar-yen rates, seen as a precursor to intervention.
- The dollar rose 0.5% to 96.391 as Bessent's remarks boosted the U.S. dollar index from recent lows, and gold climbed past $5,300 per ounce.
- Traders intensified dollar selling ahead of a Federal Reserve policy decision, while President Donald Trump said, `They devalue, because it's hard to compete when they devalue.`
- Structural pressures such as interest-rate uncertainty, tariffs and rising U.S. fiscal deficits keep the dollar under pressure, while Bessent said, `I think that the message is that independence does not mean no accountability.
67 Articles
67 Articles
Bessent Calls Trump Accounts 'Rainy Day Funds' And Slams 'Out of Touch' Critics As JPMorgan, BofA Back Plan - Bank of America (NYSE:BAC), Bank of New York Mellon (NYSE:BK)
Treasury Secretary Scott Bessent on Wednesday discussed how the newly introduced “Trump Accounts” could serve as “a rainy day fund” for the children when they reach adulthood. Bessent Dismisses Wealth Gap Concerns Critics have warned that Trump Accounts could widen the U.S. wealth gap, as wealthy families can contribute the full $5,000 annually while lower-income households may struggle to save. However, Bessent, in a conversation with CBS Satur…
The U.S. President clarified the contours of these investment accounts for newborns and fed by federal money.
Trump tries to shift attention away from woes with glitzy Trump Accounts rollout • Maine Morning Star
Musician Nicki Minaj attends the Treasury Department's Trump Accounts Summit with U.S. Treasury Secretary Scott Bessent, left, at the Andrew W. Mellon Auditorium on Jan. 28, 2026 in Washington, DC. (Photo by Win McNamee/Getty Images)WASHINGTON — President Donald Trump touted the coming generation of “Trump Account children” Wednesday as the administration aims to deflect attention from rising food prices and a deadly federal immigration crackdo…
Bessent says Americans 'should be worried about affordability,' but blames Biden for cost issues
Scott Bessent, US treasury secretary, speaks during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026. The US Treasury Department is bringing together senior administration officials, everyday Americans, and key stakeholders to highlight the upcoming launch of Trump Accounts. Photographer: Valerie Plesch/Bloomberg via Getty Images (WASHINGTON) — As the cost of many basic goods, including groceries, continues to …
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