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flag The Treasury launched "Trump Accounts," giving $1,000 per newborn from 2025–2028, backed by $6.25B in pledges and bank matches.

flag Treasury Secretary Scott Bessent promoted the new "Trump Accounts" initiative, which will deposit $1,000 per newborn from 2025 to 2028, with additional contributions from employers, states, and philanthropists like Michael and Susan Dell, who pledged $6.25 billion for low-income communities. flag Over 600,000 families have already opened accounts, and major banks are matching employee contributions. flag Bessent blamed the Biden administration for inflation, asserting it is now under control and will soon reach the Fed’s 2% target, while defending Fed independence amid a Justice Department probe into Chair Jerome Powell. flag He also noted growing interest from oil companies in investing in Venezuela’s oil sector.

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