NEW YORK (FNN NEWS) — President Donald Trump marked the official launch of Trump Accounts on Monday by participating in a first-of-its-kind opening bell ceremony for both the New York Stock Exchange and Nasdaq from the Oval Office.

The event celebrated the rollout of the investment account program established under the Working Families Tax Cuts Act, which the Trump administration says is designed to help eligible American children build long-term wealth through tax-advantaged investment accounts.

Investment Accounts for American Children

According to the White House, Trump Accounts are available to U.S. citizens under the age of 18. Children born between Jan. 1, 2025, and Dec. 31, 2028, will automatically receive a $1,000 federal seed investment, while families and eligible contributors may make additional investments over time.

The administration said more than six million Trump Accounts have already been requested, with more than 86% of requests coming from families earning less than $200,000 annually.

President Trump Highlights Economic Opportunity

During the ceremony, President Trump said the accounts are intended to allow children to benefit from long-term economic growth.

“With the ringing of the opening bell for the stock market, Trump Accounts will now begin to grow right along with our booming economy,” Trump said. “Between individual contributions and the seed funds, $800 million in new capital will be invested in the stock market for America’s children this week.”

Business and Government Leaders Voice Support

Several business executives and administration officials participated in the announcement, including:

• Treasury Secretary Scott Bessent
• Michael Dell, founder and CEO of Dell Technologies
• Adena Friedman, CEO of Nasdaq
• Lynn Martin, president of the New York Stock Exchange Group
• Jeffrey Sprecher, CEO of Intercontinental Exchange
• Brad Gerstner, chairman and CEO of Altimeter Capital
• Ted Cruz

Treasury Secretary Bessent said the initiative is intended to expand access to financial markets for American families.

Michael Dell encouraged additional companies to participate by contributing to employees’ children’s accounts.

Private-Sector Participation

The White House announced that philanthropists Michael and Susan Dell are supporting the initiative and said more than 50 companies have committed to making contributions to Trump Accounts for the children of their employees.

Administration officials described the initiative as part of a broader effort to encourage savings, investing and long-term wealth creation for future generations.

The announcement comes as the United States continues events commemorating the nation’s 250th anniversary, with administration officials describing Trump Accounts as an investment in America’s next generation.

CHICAGO (FNN NEWS) — The long-awaited Barack Obama Presidential Center officially opened Thursday with a star-studded dedication ceremony on Chicago’s South Side, drawing former presidents, national leaders, celebrities, and thousands of invited guests.

The ceremony began at 11 a.m. CDT with Chicago native and Grammy Award-winning singer Jennifer Hudson performing the national anthem.

Obama Center Opens

Former President Barack Obama and former First Lady Michelle Obama delivered remarks celebrating the opening of the center, which is designed to serve as a cultural, educational, and civic engagement hub.

The opening marks the formal debut of one of the most anticipated presidential centers in modern history. The campus opens to the public on Juneteenth and is expected to attract visitors from across the United States and around the world.

Former Presidents in Attendance

Among the dignitaries attending the ceremony were:

• Former President Joe Biden
• Former President George W. Bush
• Former President Bill Clinton
• Former First Lady Jill Biden
• Former First Lady Laura Bush
• Former Secretary of State and former First Lady Hillary Clinton

National Leaders and Celebrities Attend

The event also attracted prominent political leaders, civil rights advocates, entertainers, and business leaders, including:

• California Gov. Gavin Newsom
• Pennsylvania Gov. Josh Shapiro
• Civil rights leaders Andrew Young and Al Sharpton
• Media icon Oprah Winfrey
• Comedians David Letterman, Conan O’Brien, and Stephen Colbert
• Actor Tom Hanks
• Tennis legend Billie Jean King
• Chicago Cubs Chairman Tom Ricketts

Several attendees, including Newsom and Shapiro, are widely viewed as potential contenders for the 2028 Democratic presidential nomination.

A Landmark for Chicago’s South Side

The opening of the Obama Presidential Center represents a significant milestone for Chicago’s South Side, bringing national attention, tourism, and economic development opportunities to the community.

Thousands of invited guests attended the ceremony, while residents and supporters gathered at a free public watch party to celebrate the historic occasion.

The center is expected to serve as a lasting tribute to the legacy of the nation’s 44th president while inspiring future generations of leaders through civic engagement, education, and public service.

About the Obama Presidential Center

The Obama Presidential Center is a world-class campus dedicated to preserving and advancing the legacy of President Barack Obama and First Lady Michelle Obama. The center includes museum exhibits, public gathering spaces, educational programming, and community resources aimed at fostering leadership and civic participation.