Trending Now - Bessent Promotes Trump Accounts Amidst Iran War Concerns
WHO:
NY Post - Treasury Secretary Scott Bessent is involved in promoting "Trump Accounts."
New York Post - Kelsey Grammer is hosting a fireside chat with Scott Bessent.
New York Post - Republican Congressman Vince Fong is participating in the events.
WHAT:
NY Post - 6 million American children are enrolled in the "Trump Accounts."
New York Post - The "Trump Accounts" app launched, allowing parents to save money for their children.
New York Post - Parents can contribute up to $5,000 total per year to a Trump Account.
New York Post - The federal government will contribute $1,000 in seed money per account for children born from January 1, 2025, to December 31, 2028.
New York Post - Employers can contribute up to $2,500 per year for a child of an employee or dependent.
WHERE:
New York Post - Scott Bessent will speak at the 2026 Reagan National Economic Forum in Simi Valley, California.
New York Post - Bessent will also stop in Westlake Village, California, as part of the "Trump Accounts Tour."
WHEN:
New York Post - The "Trump Accounts" app launched on May 28, 2026.
New York Post - The "Trump Accounts" are set to officially launch on July 4, 2026.
WHY:
NY Post - Bessent described the "Trump Accounts" as a commitment to expanding opportunity and strengthening financial security for American children.
HOW:
New York Post - Contributions to Trump Accounts can come from parents, family members, friends, and employers, with specific tax benefits outlined.
New York Post - Funds in the accounts can only be invested in low-cost mutual funds or exchange-traded funds (ETFs) consisting of US stocks and bonds.
(UPDATED May 29, 2026 12:02 UTC)
Treasury Secretary Scott Bessent is promoting the new "Trump Accounts," which recently launched an app allowing parents to save for their children's future, with 6 million American children already enrolled. The accounts enable parents to contribute up to $5,000 per year, and the federal government will add $1,000 in seed money for children born between January 1, 2025, and December 31, 2028, while employers can also contribute up to $2,500 annually. Bessent will discuss these initiatives at the 2026 Reagan National Economic Forum in Simi Valley, California, and will also make a stop in Westlake Village as part of the "Trump Accounts Tour."