The One Big Beautiful Bill Act created Trump Accounts, a new tax-advantaged investment account for children that includes a $1,000 Treasury deposit for eligible newborns. Beginning July 4, parents, employers and others may contribute to the accounts, which are available to eligible American children born between Jan. 1, 2025, and Dec. 31, 2028. It is a tool used to create "financial literacy," Treasury Secretary Scott Bessent tells CBS News' kfogrady in an exclusive interview — allowing more Americans to "share in the bounty that is the U.S." #bessent #trump #us #finance