{"id":2625564,"date":"2026-07-06T13:36:59","date_gmt":"2026-07-06T17:36:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trumps-new-deal-white-house-touts-trump-accounts\/"},"modified":"2026-07-06T13:38:56","modified_gmt":"2026-07-06T17:38:56","slug":"donald-trumps-new-deal-white-house-touts-trump-accounts","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trumps-new-deal-white-house-touts-trump-accounts\/","title":{"rendered":"\u2018Donald Trump\u2019s New Deal\u2019: White House touts Trump Accounts"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdonald-trumps-new-deal-white-house-touts-trump-accounts%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2625564&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump and his allies celebrated the launch of &#8220;Trump Accounts,&#8221; investment accounts for children under 18, seen as a modern extension of Franklin D. Roosevelt\u2019s New Deal. The accounts aim to encourage capitalism among youth, with over 500,000 children receiving a $1,000 contribution from the Treasury. Children can contribute up to $5,000 annually until age 18. The launch was marked by a bell ringing at the stock exchanges, with notable officials present, including Treasury Secretary Scott Bessent and Senator Ted Cruz, who called the accounts &#8220;Trump\u2019s new Deal.&#8221; The accounts are part of the broader economic policy efforts, with some critics viewing them as a push against socialist ideas. The event highlighted Trump&#8217;s focus on economic growth and entrepreneurship, contrasting it with socialist policies and criticizing Democrats. The accounts are expected to <a href=\"https:\/\/amzn.to\/3YuVZYV\" >promote individual wealth-building<\/a> and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/russia-announces-expulsion-of-10-u-s-diplomats\/\" title=\"Russia announces expulsion of 10 U.S. diplomats\">economic independence<\/a> among young Americans.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" type=\"post_tag\" id=\"4\">Donald Trump<\/a> and his allies celebrated the official launch of children investment accounts, also known as Trump Accounts, as a reinvigorated version of President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/franklin-roosevelt\/\">Franklin D. Roosevelt\u2019s<\/a> economic plan in the 1930s that revived the nation after the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/great-depression\/\" type=\"post_tag\" id=\"5166\">Great Depression<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re thrilled to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inside-the-privacy-battle-raging-between-apple-and-facebook\/\" title=\"Inside The Privacy Battle Raging Between Apple And Facebook\">officially launch<\/a> the Trump Accounts,\u201d said Trump on Monday morning.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4613405\/august-social-security-direct-payment-worth-994-out-26-days\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>August Social Security direct payment worth $994 goes out in 26 days<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4634315\/cost-fourth-of-july-cookout-highest-level-ever\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Cost of Fourth of July cookout jumps to highest level ever, in line with inflation<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4634208\/trump-portfolio-tracker-account-suspended\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Trump portfolio tracker account suspended one day after launch<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">The president rang a bell at 9:30 a.m., opening the U.S. financial markets to mark the launch of the accounts, with several officials gathered in the Oval Office. They included Treasury Secretary <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/scott-bessent\/\" type=\"post_tag\" id=\"11700\">Scott Bessent<\/a>, Sen. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/ted-cruz\/\" type=\"post_tag\" id=\"185\">Ted Cruz<\/a> (R-TX), and Director of the National Economic Council <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-hassett\/\" type=\"post_tag\" id=\"6117\">Kevin Hassett<\/a>.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">\u201cThis was the first-ever joint bell ringing between the New York Stock Exchange and Nasdaq, and hopefully it won\u2019t be the last,\u201d Trump said.<\/p>\n<p class=\"wp-block-paragraph\">The Trump Accounts were originally titled \u201cMoney Accounts for Growth and Advancement\u201d and were part of the One Big Beautiful Bill Act that passed last summer. The accounts are available to any child under 18 with a Social Security number. Every <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-than-4-million-children-have-claimed-their-trump-accounts\/\" title=\"More than 4 million ... have claimed their ...\">eligible child born<\/a> between January 2025 and December 2028 has received or will receive a $1,000 contribution from the Treasury. The administration said over 500,000 U.S. children received the $1,000 contribution on July 4.<\/p>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/texas\/\">Texas<\/a> billionaires Michael and Susan Dell, who attended the Oval Office event, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3904456\/trumpgenerosity-dell-family-contribution-accounts\/\">previously donated $6.25 billion toward 25 million<\/a> Trump Accounts. The Dell donations will put $250 toward accounts for children ages 10 and younger who do not qualify for the one-time contribution. To qualify for the Dell donation, the children must live in an area with a median household income below $150,000.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">The funds in the Trump Accounts cannot be tapped until age 18. Parents, grandparents, and others can contribute up to $5,000 a year until the year before the child turns 18.<\/p>\n<p class=\"wp-block-paragraph\">\u201cTrump Accounts are in many ways Donald Trump\u2019s New Deal,\u201d Cruz said during his remarks Monday. Roosevelt\u2019s New Deal in the 1930s helped put Americans to work as the Depression wreaked havoc on the nation. \u201cBut instead of having government taking care of everyone, Trump Accounts are about making every child and every American a capitalist. Every one of our kids is now going to be an owner of the biggest producers in our country.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The Trump administration has tried to refocus on its economic policy record after signing a memorandum of understanding with <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/iran\/\" type=\"post_tag\" id=\"100\">Iran<\/a> last month. Following the signing of the MOU, gas prices have fallen in the United States as the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/2026-election\/\" type=\"post_tag\" id=\"11675\">midterm elections<\/a> approach.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Cruz\u2019s comments were also a noted jab at <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/democrats\/\" type=\"post_tag\" id=\"249\">Democrats<\/a> who have seen <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/socialists\/\" type=\"post_tag\" id=\"3282\">socialist<\/a> candidates take down incumbent <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/house\/\" type=\"post_tag\" id=\"11272\">House<\/a> members in primaries this year, oftentimes aided by <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/zohran-mamdani\/\" type=\"post_tag\" id=\"11802\">Zohran Mamdani<\/a>, the mayor of <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/new-york\/\" type=\"post_tag\" id=\"61\">New York<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">Darializa Avila Chevalier defeated Rep. Adriano Espaillat (D-NY), the chairman of the Congressional Hispanic Caucus, and former New York City Comptroller Brad Lander defeated incumbent Rep. Dan Goldman (D-NY) in primaries last month. Another DSA-aligned candidate, Melat Kiros, beat U.S. Rep. Diana DeGette in a <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/colorado\/\" type=\"post_tag\" id=\"767\">Colorado<\/a> House primary last week.<\/p>\n<p class=\"wp-block-paragraph\">Trump also jabbed at socialists and communists while touting the Trump Accounts on Monday.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-4\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-4\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-25\" data-wex-ad=\"art-dsk-inart-4\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\"><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/4633263\/trump-accounts-official-launch\/\" type=\"link\" id=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/4633263\/trump-accounts-official-launch\/\">TRUMP ACCOUNTS OFFICIALLY LAUNCH ONE YEAR AFTER BEING SIGNED INTO LAW<\/a><\/strong><\/p>\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s going to teach children to be entrepreneurial, as opposed to the threat of communism that you\u2019re seeing,\u201d Trump told reporters.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThis is not social Democrats by the way \u2026 \u2018We\u2019re <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/germanys-afd-is-happy-merkel-is-out-looks-to-form-opposition-bloc\/\" title=\"Germany\u2019s AFD is happy Merkel is out, looks to form opposition bloc\">social democrats<\/a>,\u2019 they say. They\u2019re not social, they\u2019re communists,\u201d Trump added. \u201cThey want to destroy our country. We\u2019re not going to let that happen, but this helps, even from the parents\u2019 standpoint. They see their child getting richer and richer.\u201d<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-5\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-5\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-26\" data-wex-ad=\"art-dsk-inart-5\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Celebrates Launch of Child Investment Accounts<\/p>\n","protected":false},"author":2658,"featured_media":2625565,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/AP26187493730697.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651,538],"tags":[32319,64342,32603,3634,32127],"class_list":["post-2625564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","category-washington-examiner","tag-donald-trump","tag-new-deal","tag-political-news","tag-trump","tag-white-house"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/AP26187493730697.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2625564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2658"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2625564"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2625564\/revisions"}],"predecessor-version":[{"id":2625568,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2625564\/revisions\/2625568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2625565"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2625564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2625564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2625564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}