Treasury Secretary Scott Bessent says parents will be able to open tax-deferred “Trump accounts” for children born between 2025 and 2028: -The federal government will contribute $1,000 per child. -The funds, invested in a diversified index, can be used at 18 or rolled into retirement accounts. -Additional contributions expected from foundations and philanthropists. -Program officially kicks off July 5. | CBS News
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Treasury Secretary Scott Bessent says his department is tracking funds stolen during the COVID-era Minnesota welfare fraud scandal that was allegedly sent overseas, including to Somalia and the Middle East. He tells Margaret Brennan the investigation, launched last week, aims to follow the money and determine its use. Bessent also criticized Minnesota Rep. Ilhan Omar for downplaying the fraud, saying she was “gaslighting the American people.” | CBS News
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Treasury Secretary Scott Bessent says the holiday season has been strong across all income levels and the economy has outperformed expectations, with GDP growth hitting 4% in some quarters and finishing the year around 3%. Pressed by Margaret Brennan on toy prices, which some executives have said are higher this year due to tariffs and other factors, Bessent says overall inflation, including imported goods, remains relatively moderate. | Face The Nation
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Treasury Secretary Scott Bessent says President Trump’s $11B farm relief package comes at a pivotal moment, giving producers the liquidity to market this year’s harvest and plan for next season. The administration says Trump’s pro-growth, pro-farm agenda is ushering in a “new golden age” for American agriculture. Watch live here: https://live.oann.com/home.ktv?utm_source=socials&utm_medium=social media&utm_campaign=FB | One America News Network
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