Headline
VIDEO: Trump Unveils $1,000 Investment Accounts For Newborn Americans
Published
3 weeks agoon
By
Editor
US President Donald Trump has unveiled a policy proposal under his new legislative push—a $1,000 investment account for every American child born between 2025 and 2028.
According to Daily Mail, the initiative, dubbed “Trump Accounts,” will be given to every US citizen born after December 31, 2024, and before January 1, 2029.
Republicans reportedly changed the name of the programme from ‘MAGA accounts’ to ‘Trump accounts’ before the bill passed the House last month.
The government’s $1,000 contribution would reportedly be placed in an index fund tied to the stock market and managed by the child’s legal guardians.
READ ALSO: Trump Puts His Tesla Car Up For Sale As Feud With Elon Musk Escalates
Speaking at the White House on Monday, the president said the accounts “will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer, absolutely no cost. It’s going to have a huge impact.”
Trump called the accounts a “pro-family” initiative as he works to rally senators to support his proposed legislation.
“It is a pro family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies,” he noted.
The accounts will reportedly be accessible for additional financial contributions throughout the child’s life from family, friends, parents, employers, or other entities, while the recipient of the account could access some of the money when they turn 18 for things like education, training or a first-time home purchase, with full access granted at age 30.
READ ALSO: ‘Disgusting Abomination’ – Elon Musk Blasts Federal Spending Under Trump
The Trump accounts will reportedly be funded by contributions from private businesses and the heads of Dell, Uber, Altimeter Capital, ARM Corp, Salesforce, ServiceNow, Robinhood and Goldman Sachs were said to have joined the president for the announcement.
Michael Dell, the CEO of Dell Technologies said his company would “match the government’s contributions, dollar for dollar for every child born to a Dell team member.”
“This is investment in our people, their families, our communities and America’s future, and it embodies our core belief that opportunity should begin at birth,” Dell was quoted as saying.
Democrats are reportedly critical of the legislation, which they say will remove millions from Medicaid and add billions to the federal deficit.
READ ALSO: Trump Bans Citizens Of Chad, Congo, 10 Others From Entering US
Some Republican senators, especially those who represent states with large rural areas, also have expressed concern about the cuts to Medicaid.
The Senate can still amend the bill, which, if that happens, it would need to be re-approved by the House before it could go to Trump for his signature, the report noted.
The president has also stated his hopes to have the bill on his desk by July 4.
Watch videos below:
https://x.com/MobilePunch/status/1932441051437871379?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1932441051437871379%7Ctwgr%5E81b86cbb674a89e5a8cc5dfcc5d6feed11f8c640%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpunchng.com%2Ftrump-unveils-1000-investment-accounts-for-newborn-americans%2F
You may like
Trump Says Will ‘Take A Look’ At Deporting Musk
US S’Court Limits Judges’ Power, Boosts Trump’s Executive Authority
Trouble Looms As Trump Gives Iran Two Weeks To Avoid US Airstrikes
Trump Orders Mass Layoffs At Voice Of America, Other US-funded Media
Crude Sinks As Trump Delays Decision On Iran Strike
I See World War III Coming, But Nigeria Will Be Safe — Ben Murray Bruce

Jimmy Swaggart, the popular Pentecostal preacher and televangelist who garnered national headlines for his extramarital affairs, has died at the age of 90 following a cardiac arrest.
Swaggart’s death was announced in a post on his official Instagram handle on Tuesday.
The post reads, “I have fought a good fight, I have finished my course, I have kept the faith: Henceforth there is laid up for me a crown of righteousness, which the Lord, the righteous judge, shall give me at that day: and not to me only, but unto all them also that love his appearing.”
“2 Timothy 4:7-8. Today, our hearts are heavy as we share that Brother Swaggart has finished his earthly race and entered into the presence of His Saviour, Jesus Christ. Today was the day he has sung about for decades. He met his beloved Saviour and entered the portals of glory. At the same time, we rejoice knowing that we will see him again one day.
READ ALSO:Hot Air Balloon Crashes, Leaves Eight Dead In Brazil
“For over seven decades, Brother Swaggart poured out his life preaching the gospel, singing songs of the faith, and pointing millions to the saving power of Jesus Christ and the Baptism of the Holy Spirit. His voice echoed through nations, his music softened hearts, and his message never changed: Jesus Christ and Him crucified.
“He was not just a preacher—he was a worshiper, a warrior, and a witness to the grace and mercy of God. He was a man whose faith was steadfast and always entered whatever door the Lord opened. And the Lord honoured that faith. Please continue to lift up Sister Frances, Donnie, Debbie, Gabriel, Jill, Jennifer, Clif, Matt, Joanna, Sam, Ryder, Abby, Lola, Harper, Navy, Harrison, Caroline and Mackenzie in your prayers.”
Swaggart was born on March 15, 1935, in Ferriday, Louisiana.
At the age of 8, he had a powerful religious experience that made him feel called to become a preacher.
READ ALSO:US Lawmaker Shot Dead, Another Wounded In Targeted Attack
At 17, he married 15-year-old Frances Anderson in 1952, and they had a son named Donnie.
In 1961, Swaggart was ordained as a minister in the Assemblies of God, the largest Pentecostal denomination in the U.S.
Swaggart is also known for his musical talent.
A cousin of rock ‘n’ roll legend Jerry Lee Lewis, Swaggart had a successful gospel music career, selling more than 17 million albums over the years.
His ministry expanded into media.
READ ALSO:Influencer Shot Dead During Live Stream
In 1969, he started a radio show called “The Campmeeting Hour.”
A year later, he launched The Evangelist, a religious magazine. In 1973, he entered television with a 30-minute program titled “The Jimmy Swaggart Evangelistic Association Presents Jimmy Swaggart.”
He also began airing live recordings of his church services in multiple languages.
In the 1980s, Swaggart led large evangelism crusades in the U.S. and internationally.
One of the biggest was held in October 1987 in Rio de Janeiro, Brazil, drawing an estimated 125,000 attendees.
Headline
Trump Says Will ‘Take A Look’ At Deporting Musk
Published
7 hours agoon
July 1, 2025By
Editor
US President Donald Trump said Tuesday he could consider deporting Elon Musk, after the South African-born billionaire slammed his flagship spending bill.
Trump also said the Department of Government Efficiency (DOGE) — which Musk headed before stepping down late May — may train its sights on the Tesla and SpaceX founder’s government subsidies.
“I don’t know. We’ll have to take a look,” Trump told reporters at the White House when asked if he would consider deporting Musk.
“We might have to put DOGE on Elon. You know what DOGE is? DOGE is the monster that might have to go back and eat Elon.”
READ ALSO:Trump Orders Mass Layoffs At Voice Of America, Other US-funded Media
Trump doubled down on the threat when he said he believed Musk was attacking his so-called “One Big Beautiful Bill” because he was annoyed that it had dropped measures to support electric vehicles (EV).
“He’s losing his EV mandate. He’s very upset about things, but you know, he could lose a lot more than that, I can tell you right now. Elon can lose a lot more than that.”
Trump made similar comments on his Truth Social network late Monday, saying that “without subsidies, Elon would probably have to close up shop and head back home to South Africa.”
READ ALSO:Musk Renews Attack On Trump, Says ‘Big, Beautiful Bill Utterly Insane’
Musk, the world’s richest person, was Trump’s biggest donor in the 2024 election and initially maintained a near constant presence at the newly elected president’s side.
They had an acrimonious public falling out this month over the bill and the tycoon has reprised his criticisms in recent days, accusing Republicans of abandoning efforts to place the United States at the front of the EV and clean energy revolution.
Musk has also renewed his calls for the formation of a new political party called the “America Party” if the bill passed.
AFP
Headline
Over 14 Million People Could Fie From US Foreign Aid Cuts – Study
Published
7 hours agoon
July 1, 2025By
Editor
More than 14 million of the world’s most vulnerable people, a third of them small children, could die by 2030 because of the Trump administration’s dismantling of US foreign aid, research projected on Tuesday.
The study in the prestigious Lancet journal was published as world and business leaders gather for a United Nations conference in Spain this week hoping to bolster the reeling aid sector.
The US Agency for International Development (USAID) had provided over 40 percent of global humanitarian funding until Donald Trump returned to the White House in January.
Two weeks later, Trump’s then-close advisor — and world’s richest man — Elon Musk boasted of having put the agency “through the woodchipper”.
The funding cuts “risk abruptly halting — and even reversing — two decades of progress in health among vulnerable populations”, warned study co-author Davide Rasella, a researcher at the Barcelona Institute for Global Health (ISGlobal).
READ ALSO:Trump To Revoke Legal Status For 240,000 Ukrainians Who Fled War With Russia
“For many low- and middle-income countries, the resulting shock would be comparable in scale to a global pandemic or a major armed conflict,” he said in a statement.
Looking back over data from 133 nations, the international team of researchers estimated that USAID funding had prevented 91.8 million deaths in developing countries between 2001 and 2021.
That is more than the estimated number of deaths during World War II, history’s deadliest conflict.
• HIV, malaria to rise –
The researchers also used modelling to project how funding being slashed by 83 percent — the figure announced by the US government earlier this year — could affect death rates.
The cuts could lead to more than 14 million avoidable deaths by 2030, the projections found.
That number included over 4.5 million children under the age of five — or around 700,000 child deaths a year.
READ ALSO:Nigeria’s Economic Growth Too Slow To Reduce Poverty – World Bank
For comparison, around 10 million soldiers are estimated to have been killed during World War I.
Programmes supported by USAID were linked to a 15-percent decrease in deaths from all causes, the researchers determined.
For children under five, the drop in deaths was twice as steep, at 32 percent.
USAID funding was found to be particularly effective at staving off preventable deaths from disease.
There were 65 percent fewer deaths from HIV/AIDS in countries receiving a high level of support compared to those with little or no USAID funding, the study found.
Deaths from malaria and neglected tropical diseases were similarly cut in half.
READ ALSO:Nigerians Suffering From Various Multi-dimensional Poverty, Kukah Laments
Study co-author Francisco Saute of Mozambique’s Manhica Health Research Centre said he had seen on the ground how USAID helped fight diseases such as HIV, malaria and tuberculosis.
“Cutting this funding now not only puts lives at risk — it also undermines critical infrastructure that has taken decades to build,” he stressed.
A recently updated tracker run by disease modeller Brooke Nichols at Boston University estimates that nearly 108,000 adults and more than 224,000 children have already died as a result of the US aid cuts.
That works out to 88 deaths every hour, according to the tracker.
’Time to scale up’ –
After USAID was gutted, several other major donors, including France, Germany and the UK, followed suit in announcing plans to slash their foreign aid budgets.
These aid reductions, particularly in the European Union, could lead to “even more additional deaths in the coming years,” study co-author Caterina Monti of ISGlobal said.
READ ALSO:Why Nigeria’s Poverty Alleviation Programmes Fail – Ex-Rep Member
But the grim projections are based on the current amount of pledged aid, so could rapidly come down if the situation changes, the researchers emphasised.
Dozens of world leaders are meeting in the Spanish city of Seville this week for the biggest aid conference in a decade.
The United States, however, will not attend.
“Now is the time to scale up, not scale back,” Rasella said.
Before its funding was slashed, USAID represented 0.3 percent of all US federal spending.
“US citizens contribute about 17 cents per day to USAID, around $64 per year,” said study co-author James Macinko of the University of California, Los Angeles.
“I think most people would support continued USAID funding if they knew just how effective such a small contribution can be to saving millions of lives.”
AFP
- NYSC Commends Bauchi Govt On Infrastructural Development In Orientation Camp
- Gunmen Kill 10 In Anambra Community
- EFCC Arrests 31 Suspected Internet Fraudsters In Nasarawa
- 30-year-old Man Hacks Mother To Death
- FCT Police Arrest Three Wanted Kidnappers
- Ghana Deports Convicted Nigerian For Smuggling Fake $100,000
- Man Jailed Seven Years For N11.4m Enugu Land Fraud
- Tragedy As 23-year-old Dies By Self-stabbing In Delta
- Police Raid Criminal Hideouts In Delta, Arrest Suspects, Seize Weapons
- Sex Worker Dies After Dispute Over N15,000 Refund In Ondo
About Us
Trending
- News5 days ago
Arson: Man To Pay N150m For Burning FRSC Patrol Vehicle In Bauchi
- Politics4 days ago
BREAKING: Confusion As APC Chair, Ganduje Resigns
- News2 days ago
Auchi Poly Mass Comm Class of 2006 Holds Maiden Reunion in Benin
- Politics5 days ago
‘Peace Has Returned To Rivers’ — Wike, Fubara Speak After Meeting Tinubu
- Headline2 days ago
‘They Checked My Instagram’ – Nigerian Lady Breaks Down After Landing In U.S, Denied Entry
- Metro1 day ago
BREAKING: Emir’s Palace, NDLEA Office Set Ablaze As Protest Rocks Kwara
- News2 days ago
NSCDC, Immigration, Others: FG Postpones Recruitment, Changes Portal
- Metro4 days ago
NAPTIP Declares Speed Darlington Wanted For Tape, Cyberbullying
- Sports4 days ago
Chelsea Set To Offload Jackson, Madueke, 8 Others [See list]
- Metro1 day ago
Panic As Bees Invade Central Mosque In Edo