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X @Bloomberg
Bloomberg· 2025-08-01 11:14
Savings & Investment - The report questions the effectiveness of "Trump accounts" designed to boost savings for the next generation of Americans [1]
X @The Wall Street Journal
Government Policy & Investment - Politicians aimed to provide children with a $1,000 investment boost [1] - Congress implemented a complex approach to achieve this goal, referred to as "Trump accounts" [1]
'Trump accounts': CEOs to unveil investments for newborns at White House
CNBC· 2025-06-09 15:34
Core Points - Major corporate leaders, including CEOs from Uber, Dell, and Goldman Sachs, are set to announce a collective investment of billions into "Trump accounts" for employees' children [1][2] - The investment commitment will be made during President Trump's "Invest America" roundtable event, which promotes a pilot program that deposits $1,000 from the government into investment accounts for newborn Americans [2] - The program, previously known as "MAGA Accounts," aims to establish index fund accounts with $1,000 in government funds for U.S. citizens born between January 1, 2025, and December 31, 2028 [3] Corporate Participation - Notable participants in the roundtable include: - Michael Dell, CEO of Dell Technologies - Brad Gerstner, CEO of Altimeter Capital - Rene Haas, CEO of Arm Holdings - Parker Harris, CTO of Slack and cofounder of Salesforce - William McDermott, CEO of ServiceNow - Dara Khosrowshahi, CEO of Uber - David Solomon, CEO of Goldman Sachs - Vladimir Tenev, cofounder and CEO of Robinhood [4] Legislative Context - The provision for creating these accounts has already passed the House as part of a significant budget bill, which is currently pending in the Senate facing opposition from fiscally conservative Republicans [2]