US EditionWhite House Launches Trump Accounts Website
The Treasury's Trump Accounts offer tax-advantaged $1,000 seed investments for children, backed by $6.25 billion from Dell and $75 million from Dalio for Connecticut kids.
- On Wednesday, Treasury Secretary Scott Bessent confirmed billionaire investor Ray Dalio is committing funds to the Trump administration's Invest America program in Connecticut.
- The initiative established this year under President Donald Trump's One Big Beautiful Bill Act aims to deposit $1,000 seed deposit per child for children born between 2025 and 2028.
- Entrepreneur Michael Dell, entrepreneur, and Susan Dell pledged $250 into the individual accounts of 25 million American children in a $6.25 billion philanthropic commitment, and funds must be invested in an index fund.
- Officials say operational details remain undisclosed and advocates say it is unclear how the scheme will boost savings for lower-income Americans, while Frank Bisignano, Internal Revenue Service Chief Executive Officer, promises more information soon.
- The Invest America accounts are slated to open on July 4, 2026, with Charter Communications, BNY, Block, Uber, Visa, and Mastercard supporting matching and contribution efforts.
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Elon Musk says there will be ‘no poverty’ in the future, meaning Ray Dalio’s multi-million pledge to Trump Accounts would be essentially redundant
Bridgewater Associates founder Ray Dalio lauded President Trump’s savers accounts for young Americans, announcing he and his wife Barbara will be making a $250 contribution into the accounts of some 300,000 children. Trump Accounts are a pilot program pitched in the “One Big, Beautiful Bill Act,” which gives children born between January 1, 2025, and December 31, 2028, a savings account in their name funded with a $1,000 government contribution.…
With $1,000 per newborn, Trump wants to secure the future, but economic policy faces criticism. Unemployment continues to rise.
Treasury Department's Call: Help Us Fund Trump Accounts
The US Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a "50 State Challenge" to raise funds for the Trump Accounts program. "The president is calling on our nation's business leaders and philanthropic organizations to help...
Ray Dalio Donates $75 Million to ‘Trump Accounts’ for Connecticut Kids
Hedge fund billionaire Ray Dalio and his wife Barbara have donated around $75 million to “Trump Accounts” for children in Connecticut. The philanthropist’s donation was announced on Dec. 17 at a press briefing about the donation and the new 50 State Challenge issued by the Trump administration. The Connecticut donor is the first to take the 50 State Challenge, which asks for funding for the soon-to-open kids’ investment accounts. According to Tr…
Billionaire Ray Dalio announced a $75 million donation to the Trump accounts. The founder of the Bridgewater Associates hedge fund made the announcement through a statement, in which he highlighted President Donald Trump's initiative and stressed the importance of investing in the future of young people.Read more]]>
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