A White House spokesperson confirmed that CEOs of companies such as Uber, Dell, and Goldman Sachs are expected to announce on Monday local time that they will jointly invest billions of dollars into the employees' children's “Trump accounts.” These executives plan to announce the pledge at President Donald Trump's round table to promote a pilot program named after the president — the government will deposit $1,000 into the investment accounts of American newborns. These tax-deferred accounts track the overall performance of the US stock market and allow an additional deposit of up to $5,000 per year. The start-up capital is provided by the Ministry of Finance, managed by the child's guardian, and the beneficiary can withdraw the funds after age 18.

A White House spokesperson confirmed that CEOs of companies such as Uber, Dell, and Goldman Sachs are expected to announce on Monday local time that they will jointly invest billions of dollars into the employees' children's “Trump accounts.” These executives plan to announce the pledge at President Donald Trump's round table to promote a pilot program named after the president — the government will deposit $1,000 into the investment accounts of American newborns. These tax-deferred accounts track the overall performance of the US stock market and allow an additional deposit of up to $5,000 per year. The start-up capital is provided by the Ministry of Finance, managed by the child's guardian, and the beneficiary can withdraw the funds after age 18.