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Happening Now: Trump, Bessent Host Summit On Newborn Baby Accounts
Posted
January 28, 2026
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2,205
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January 28, 2026
2,205
8
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1:48:02Now PlayingPresident Trump and Treasury Secretary Scott Bessent are holding a summit Wednesday morning with CEOs and investors ahead of the administration's launch of "Trump accounts" for newborn babies.
Under the investment accounts, children in the U.S. with a Social Security number born between Jan. 1, 2025, and Dec. 31, 2028, will be given a stock market account with a one-time $1,000 deposit from the Treasury that will grow similarly to individual retirement accounts, or IRAs, according to the IRS.
White House press secretary Karoline Leavitt, rapper Nicki Minaj, Sen. Ted Cruz (R-Texas), Rep. Jason Smith (R-Mo.) and Cheryl Hines, the wife of Health and Human Services Secretary Robert F. Kennedy Jr., are set to attend.
The event is scheduled to begin at 9:45 a.m. EST.
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