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VIDEO: Trump Unveils $1,000 Investment Accounts For Newborn Americans

Published

3 months ago

June 10, 2025

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.

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.

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.

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.

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Headline

42 Killed In Israeli Attacks, Says Gaza’s Civil Defense

Published

13 minutes ago

August 24, 2025

Editor

Gaza’s civil defence agency reported at least 42 people killed in Israeli attacks on Sunday, as the Israeli army prepared for a new assault on the Palestinian territory’s largest city.

Civil defence spokesman Mahmud Bassal said there had been several air strikes around Gaza City — which the military is gearing up to capture — including one in the Al-Sabra neighbourhood that killed eight people.

Attacks were also reported elsewhere across the territory, he said, with the “total tally currently rising to 42 dead”.

The army did not immediately respond to a request for comment on the figure.

“The situation is extremely dangerous… Each day, each minute, there are bombings, martyrs, death and blood — we can’t take it anymore,” Al-Sabra resident Ibrahim Al-Shurafa told AFP, explaining strikes and shelling were ongoing.

“We don’t know where to go. Death follows us everywhere,” he added.

Media restrictions in Gaza and difficulties in accessing many areas mean AFP is unable to independently verify the tolls and details provided by the civil defence agency or the Israeli military.

The October 2023 Hamas attack on Israel that sparked the war resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally based on official figures.

Israel’s offensive has killed at least 62,686 Palestinians, most of them civilians, according to figures from the health ministry in Hamas-run Gaza that the United Nations considers reliable.

AFP

Headline

Venezuela Frees Eight Opposition Leaders

Published

22 minutes ago

August 24, 2025

Editor

Venezuelan authorities released eight opposition leaders from jail early Sunday, including a former congressman and two Italian citizens, and granted house arrest to five others, an opposition politician said.

Most of those released had been charged with corruption in opposition-run mayoral offices.

Also set free was Congressman, Amirico de Grazia, detained amid protests that erupted during President Nicolas Maduro’s reelection in 2024.

“Today, several families are once again embracing their loved ones. We know there are many left, and we have not forgotten them; we continue to fight for everyone,” two-time former presidential candidate Henrique Capriles said on X.

Opposition leaders Victor Jurado, Simon Vargas, Arelis Ojeda Escalante, Mayra Castro, Diana Berrio, Gorka Carnevalli, as well as Italian nationals Margarita Assenzo and de Grazia were released, Capriles said.

Nabil Maalouf, Valentin Gutierrez Pineda, Rafael Ramirez, Pedro Guanipa, and David Barroso were placed under house arrest.

The Italian government confirmed the release of de Grazia and Assenzo, who must appear in court to clarify the conditions of their release. It also vowed to continue working on securing the release of other detained Italians.

“We have always said, and we maintain it: we will talk to whomever we need to talk to so that there is not a single political prisoner in our Venezuela!” Capriles added.

AFP

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Russia, Ukraine Exchange Prisoners Of War, Civilians

Published

26 minutes ago

August 24, 2025

Editor

Russia and Ukraine each sent back more prisoners of war on Sunday in the latest in a series of exchanges that have seen hundreds of POWs released this year, the two sides said.

Large-scale prisoner exchanges were the only tangible result of three rounds of talks between Russia and Ukraine in Istanbul between May and July.

They remain one of the few areas of cooperation between the two countries since Russia’s offensive began in 2022.

“On August 24, 146 Russian servicemen were returned from the territory controlled” by Kyiv, the Russian defence ministry said on Telegram.

“In exchange, 146 prisoners of war of the Ukrainian Armed Forces were transferred” to Ukraine, it added. Ukraine did not confirm any figures for the release.

Russia also said that “eight citizens of the Russian Federation—residents of the Kursk region, illegally detained” by Kyiv were also returned.

Ukrainian forces launched a surprise incursion into Russia’s Kursk region in August last year, seizing hundreds of square kilometres (miles) of territory in a major setback for the Kremlin.

Russia deployed thousands of troops from its ally North Korea as part of a counterattack but did not fully reclaim the region until April.

Among the Ukrainians released on Sunday was journalist Dmytro Khyliuk, President Volodymyr Zelensky said.

Khyliuk was kidnapped in the Kyiv region in March 2022. He is finally home in Ukraine,” Zelensky said on social media.

Also freed was former Kherson mayor Volodymyr Mykolayenko, “who spent more than three years in captivity,” Zelensky’s aide Andriy Yermak wrote on X.

“In 2022, he was on the list for return, but Volodymyr voluntarily refused to be exchanged in favour of a seriously ill prisoner with whom he was sharing a cell in a Russian prison,” Yermak said.

AFP