President Trump's administration is launching "Trump Accounts" to promote financial independence for American children, coinciding with the nation's 250th anniversary. The program offers a $1,000 government bonus for eligible newborns, with private investments managing the funds until the child turns 18. Billionaires and companies are also contributing, aiming to boost capitalism and provide a strong financial start for millions of youngsters.

President Donald Trump is launching Trump Accounts on July 4, aiming to boost financial independence for children born during his second term.

WASHINGTON (AP) — On Saturday, President Donald Trump's administration plans to launch Trump Accounts, tying the 250th anniversary of the signing of the Declaration of…