US Treasury to auto-enroll children in 'Trump Accounts' investment program

The US Treasury will automatically enroll children in the 'Trump Accounts' investment program starting October 1, potentially opening over 60 million accounts by 2026, with a one-time $1,000 state contribution for eligible children born 2025-2028. This policy shift expands the program's reach significantly, though details on funding and implementation remain unclear. The move could have broad economic and political implications, affecting household savings and federal fiscal policy.