President Trump Makes an Announcement, Oct. 7, 2026

Trump Accounts Announcement

President Trump announced that all eligible children in the United States had been automatically enrolled in “Trump accounts,” tax-advantaged investment accounts intended to give children a financial stake in the U.S. economy. He said roughly 70 million children would be covered and urged parents to use the official app to claim, manage, and contribute to their child’s account.

Trump and other speakers described the accounts as a way to build wealth over time through investment and compound growth, promote financial literacy, and broaden participation in capitalism. Trump presented them as an alternative to socialist policies and linked their potential success to the administration’s claims about a booming economy and record-high stock markets. He also argued that tariffs were encouraging companies to build factories in the United States.

Funding and Contributions

Treasury Secretary Scott Bessent said the government would contribute $1,000 to accounts for qualifying children born during Trump’s presidency. He described the initiative as a step toward broader family ownership and a practical financial-literacy program.

Social Security Administration and IRS Commissioner Frank Bisignano said more than 10 million accounts had been funded with $4.5 billion. He projected that, by the end of the week, more than 25 million children would have funded accounts totaling $7 billion.

Michael and Susan Dell said they had committed $6.25 billion to provide $250 for 25 million children. They reported that 10 million accounts had received the contribution and that the full commitment would be funded by the end of the week. Susan Dell emphasized the encouragement and sense of investment in children’s futures, as well as the money itself.

Brad Gerstner said the program was designed to include children across political and geographic lines, and that families, employers, businesses, and philanthropists could add contributions. Senator Ted Cruz highlighted the possibility that accounts could grow substantially if families continued investing.

Other Topics in the Question-and-Answer Session

Trump also:

• Condemned alleged surveillance of his family and associates by the Biden-era Justice Department, calling it government “weaponization.”
• Said he did not believe an outbreak in Russia was a bioweapon, while noting that the administration would seek more information.
• Claimed illegal border crossings had been halted for 17 months and said the administration had removed many people who entered unlawfully.
• Repeated his claim that he had helped settle eight wars and argued that he deserved the Nobel Peace Prize.
• Said his Florida golf property might serve as a secure retreat for future presidents.
• Called for lower interest rates and blamed the Federal Reserve board. Bessent attributed rising bond yields partly to strong U.S. growth and elevated energy costs.
• Defended his trade approach toward Canada, alleging that the United States had run large annual trade deficits with it.
• Said the administration would closely monitor election integrity ahead of the midterms.

Presenters and Contributors

President Donald Trump; Treasury Secretary Scott Bessent; Kevin (surname not stated); Frank Bisignano; Senator Ted Cruz; Michael Dell; Susan Dell; Brad Gerstner.