Overview
- Nicki Minaj confirmed she will be a guest speaker at the Jan. 28 summit in Washington, D.C., though her in-person or virtual format remains unspecified.
- President Trump and Treasury Secretary Scott Bessent are slated to headline the event at the Mellon Auditorium, with a livestream on X and appearances expected from Kevin O’Leary, Cheryl Hines, GOP lawmakers, and Fortune 500 executives.
- The Trump Accounts initiative provides a one-time $1,000 deposit for children born from 2025 through 2028, permits up to $5,000 in annual family contributions and $2,500 from employers, and applies taxes and significant penalties to most early withdrawals.
- Private financing has been touted by organizers, including a $6.25 billion commitment from Michael and Susan Dell and a $75 million pledge by Ray Dalio for Connecticut children.
- Critics argue the design favors higher-income families, and Bessent previously called the accounts a potential “backdoor” to privatizing Social Security before walking back the comment.