{"id":4302,"date":"2026-06-29T16:34:33","date_gmt":"2026-06-29T16:34:33","guid":{"rendered":"https:\/\/relocationtimess.com\/?p=4302"},"modified":"2026-06-29T16:34:33","modified_gmt":"2026-06-29T16:34:33","slug":"new-york-stock-exchange-opening-bell-to-be-rung-from-oval-office-for-trump-accounts-launch","status":"publish","type":"post","link":"https:\/\/relocationtimess.com\/?p=4302","title":{"rendered":"New York Stock Exchange opening bell to be rung from Oval Office for Trump Accounts launch"},"content":{"rendered":"
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\n The New York Stock Exchange will be opened from the Oval Office next week to mark the opening of Trump Accounts, White House economic adviser Kevin Hassett said Monday.\n <\/p>\n

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\n \u201cWe\u2019re having a big opening bell ceremony next week where Nasdaq and the New York Stock Exchange are going to ring the bell from the Oval for the first time together, and they\u2019re doing that to celebrate the accounts,\u201d Hassett, the director of the National Economic Council, said on CNBC.\n <\/p>\n

\n CNN has reached out to the White House for further details.\n <\/p>\n

\n Families will be able to start contributing to the accounts \u2014 which would provide parents of children born between 2025 and 2028 with $1,000 to invest \u2014 on July 4.\n <\/p>\n

\n Hassett praised the accounts, which he said give every child born in the US \u201ca stake in the game,\u201d and suggested there\u2019d be a political effect as well.\n <\/p>\n

\n \u201cIt\u2019s basically, I think, hard to be a socialist if you have capital, and so my view is that the political effect of this dynamic is going to be enormous,\u201d Hassett said.\n <\/p>\n

Read more Supreme Court to review the legality of mass voter purges in the weeks before an election<\/a><\/p>\n

\n President Donald Trump and his allies have seized on the recent electoral success of several democratic socialist candidates to create a contrast with the GOP ahead of the November midterms.\n <\/p>\n

\n Trump Accounts are IRA-style savings accounts for eligible children. They are like traditional IRAs in that money in the accounts will grow tax deferred. But the rules for Trump Accounts differ when it comes to contributions, withdrawals and approved uses of the money. Also, the money may not be tapped before a child turns 18.\n <\/p>\n

\n The accounts didn\u2019t initially plan for children in foster care \u2014 because they must be opened by an \u201cauthorized individual,\u201dwho is typicallya parent or other family member named as a legal guardian \u2014 until child welfare advocates brought the issue to first lady Melania Trump\u2019s office.\n <\/p>\n

\n The first lady, who has used her second term to, in part, shine a light on children in the foster care system, appeared at the Treasury Department earlier this month to announce \u201cFostering the Future Accounts\u201d and offer updated guidance that allows state child welfare agencies and foster youth representatives to set up the accounts for those children.\n <\/p>\n

Read more Artifacts dating back 400,000 years, found in cave, show \u2018complex and rich\u2019 pre-human society<\/a><\/p>\n

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CNN\u2019s Jeanne Sahadi and Betsy Klein contributed to this report. <\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The New York Stock Exchange will be opened from the Oval Office next week to mark the opening of Trump Accounts, White House economic adviser Kevin Hassett said Monday.<\/p>\n","protected":false},"author":1,"featured_media":4301,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nNew York Stock Exchange opening bell to be rung from Oval Office for Trump Accounts launch - Relocation Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/relocationtimess.com\/?p=4302\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Stock Exchange opening bell to be rung from Oval Office for Trump Accounts launch - 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