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Trump Accounts touted as antidote to ‘anti-capitalist’ ideology, financial illiteracy gripping US: regulator

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FIRST ON FOX: «Trump Accounts» will work as a nationwide financial literacy starter kit that simultaneously serves as an antidote to rising anti-capitalist sentiment, according to the head of the Treasury bureau that regulates and supervises national banks.
«Trump Accounts will be one of the most impactful financial literacy tools in our country’s history,» Comptroller of the Currency Jonathan Gould said Friday before the Financial Literacy and Education Commission. «They present a unique chance for all Americans to own a stake in the most powerful economy on Earth, watch their money grow, and begin their investing journey.»
Trump Accounts were created under the One Big, Beautiful Bill Act signed July 4, 2025, and are structured as tax-deferred investment accounts for children. Eligible children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens with valid Social Security numbers, receive a $1,000 federal seed contribution, while families and employers can also contribute under set limits.
In addition to the accounts helping bolster children’s ability to secure the «American Dream,» as the administration has celebrated, Gould said the accounts would bolster financial literacy and push back on what he described as an anti-capitalist ideology.
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Trump Accounts were created under the «big, beautiful bill» signed July 4, 2025, and are structured as tax-deferred investment accounts for children. (Kevin Lamarque/Reuters)
Fox News Digital obtained Gould’s full remarks at the Financial Literacy and Education Commission meeting that focused on the implementation, consumer education and outreach efforts for Trump Accounts. The commission is a body within the Treasury Department established in 2003 to improve the financial literacy of citizens.
Gould took aim at «collectivist policies,» such as socialism, arguing financial literacy requires «a foundational understanding of free-market principles» and casting Trump Accounts as a response to what he called growing anti-capitalist ideology.
«Trump Accounts offer an opportunity for America’s children to experience the best of our free markets and to own a piece of the American Dream. And they are a direct rebuttal to the philosophical and economic dead-ends of collectivist policies,» Gould said.

«Trump Accounts will be one of the most impactful financial literacy tools in our country’s history,» Comptroller of the Currency Jonathan Gould said before the Financial Literacy and Education Commission. (Al Drago/Bloomberg via Getty Images)
Gould leads the Office of the Comptroller of the Currency, which is an independent bureau under the Treasury Department’s umbrella that regulates all national banks, federal savings associations, as well as branches of foreign banks licensed to operate in the U.S.
I’M YOUNG AND SHUT OUT OF THE AMERICAN DREAM BUT I WON’T BE GOVERNMENT OR THE LEFT’S VICTIM
Recent surveys have found that U.S. adults suffer from financial illiteracy, including the World Economic Forum publishing data in 2024 that found roughly 50% of U.S. adults could not pass a 28-question test on personal finances, called the P-Fin Index. A separate study published in 2024 by WalletHub found Gen Z — the youngest generation in the U.S. workforce — is the least financially confident generation, including 85% reporting they see one or more barriers to financial success.
Gould continued in his remarks Friday, saying that his goal is to «ensure that Americans are equipped with the knowledge to navigate the financial system, strengthen the competitive landscape that supports their communities, and have a regulatory structure that promotes prosperity.»
He added in his remarks before the commission that banks should use their credibility and standing to inoculate Americans against the rise in «anti-capitalist ideologies» compounding U.S. financial illiteracy after decades of «inattention to the harmful and inaccurate curriculum that too many of our schools and colleges have been teaching.»
«I strongly encourage banks to use their credibility and standing in the community to combat the rise of anti-capitalist ideologies,» Gould said. «These ideologies are borne of financial illiteracy and reflect decades of inattention to the harmful and inaccurate curriculum that too many of our schools and colleges have been teaching. As one of the central instruments of capitalism, banks have a major stake in this, and they have an important role to play in inoculating Americans from these harmful ideologies.»

An American flag is displayed on the New York Stock Exchange in New York, Feb. 24, 2025. (AP Photo/Seth Wenig, File)
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«Financial literacy and regulatory reform are connected,» Gould said. «When consumers understand banking and regulation, they are less vulnerable to improper practices and more capable of understanding how innovation, whether in digital payments, modern distribution methods, or new financial services, can best serve them.»
Some Democratic lawmakers and policy groups have spoken out against Trump Accounts, claiming they fall short of addressing financial hurdles Americans face or could widen the wealth gap as poor families unable to add contributions following the seed money will benefit the least, The Associated Press reported.
President Donald Trump has celebrated the accounts as providing citizens a better shot at the «American dream» while adding that they are like «real trust funds for every American child.»
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«The federal government will also automatically be making a one-time seed contribution of $1,000 into the tax-deferred Trump Accounts for every newborn U.S. citizen, fulfilling a promise I made in the 2024 campaign,» Trump said in December while announcing the accounts. «Trump Accounts should grow to be worth many thousands of dollars by the time the child is 18 and even more by the time they are 20 or even 30 years old.»
donald trump,finance economy,business regulation,banking,politics,college
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El Congreso de Filipinas aprueba el proceso de destitución contra Sara Duterte

El Congreso de Filipinas aprobó este miércoles seguir adelante con un proceso de destitución contra la vicepresidenta Sara Duterte, lo que podría frustrar su carrera hacia el máximo cargo del país.
La hija del expresidente Rodrigo Duterte, encausado por la Corte Penal Internacional, anunció recientemente su candidatura para las elecciones presidenciales de 2028.
Ya había sido objeto de un proceso de destitución en la Cámara de Representantes el año pasado, pero la Corte Suprema lo desestimó por cuestiones de procedimiento.
Este miércoles, un comité del Congreso filipino aprobó por amplia mayoría remitir una acusación contra Sara Duterte a la Cámara de Representantes.
Se acusa a Sara Duterte de malversación y corrupción durante su gestión, así como de haber proferido una amenaza de muerte contra su antiguo aliado y actual presidente Ferdinand Marcos.
Según la Constitución filipina, si la Cámara de Representantes aprueba las acusaciones, esto activaría un juicio en el Senado.
Un veredicto de culpabilidad inhabilitaría a Duterte para ejercer cargos públicos y la apartaría de la contienda presidencial de 2028.
Su padre Rodrigo Duterte, presidente entre 2016 y 2022, enfrenta acusaciones de parte de la CPI por crímenes contra la humanidad durante la “guerra contra la droga” emprendida en su mandato que dejó miles de muertos.
El alto tribunal en La Haya celebró audiencias la semana pasada para determinar si se abre un proceso contra él.
Aunque todavía se avecina una audiencia de causa probable, Michael Tiu, profesor adjunto de Derecho en la Universidad de Filipinas, dijo a AFP que creía que nada descarrilaría el camino hacia una votación en la Cámara.
“Con la diferencia de 54-1 en la votación del comité, creo que es imposible que estas quejas de impeachment sean desechadas, dado que hay una gran diferencia y muchos vieron que las quejas tenían mérito”, dijo.
Los analistas han advertido que el anuncio presidencial de Duterte pesará mucho sobre los legisladores, obligados a evaluar las repercusiones de un voto contra alguien que aún puede ocupar el cargo más alto del país.
La supuesta amenaza de muerte contra Marcos surge de una conferencia de prensa nocturna en la que Duterte afirmó haber contratado a un asesino para matar al presidente y a miembros de su familia si él la mataba primero.
Aunque la vicepresidente dijo más tarde que los comentarios fueron malinterpretados, el legislador Gerville Luistro dijo el miércoles que las supuestas amenazas podrían desestabilizar las instituciones.
“Tienen peso. Crean miedo”, dijo.
Duterte y Marcos han estado involucrados en una pelea política de alto riesgo que estalló pocas semanas después de su victoria en las elecciones presidenciales de 2022, cuando a la vicepresidenta se le negaron sus carteras de gabinete favoritas y en su lugar se la nombró secretaria de Educación.
El mes pasado, el comité de justicia desestimó un par de denuncias de impeachment contra Marcos, dictaminando que las acusaciones de corrupción por un escándalo que involucraba proyectos falsos de control de inundaciones carecían de fundamento.
(con información de AFP)
Asia / Pacific,Government / Politics,Civil Unrest,QUEZON
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Iran’s senior clerics ‘exposed’ after building strike in Qom, succession choice looms

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Senior Iranian clerics would have been left «exposed» after an Israeli airstrike hit a meeting place where they were supposed to be convening Tuesday — days after a strike leveled the Tehran compound of Supreme Leader Ayatollah Ali Khamenei, a defense analyst has claimed.
The clerics, members of the Assembly of Experts, had reportedly planned to meet at the location in Qom to deliberate succession plans for Khamenei, who was killed in the strikes, according to The Times of Israel.
«This second strike would be another embarrassment to what has been left of the regime,» Kobi Michael, a senior researcher at the Institute for National Security Studies and the Misgav Institute, told Fox News Digital.
«It indicates intelligence dominance and superiority because any movement is detected, meaning they would feel exposed,» Michael added.
Iranian Supreme Leader Ayatollah Ali Khamenei was killed in an Israeli airstrike Saturday. (Getty Images)
«As of now, the leadership would feel insecure and hunted, with all of their plans collapsing one after another.»
«They would feel totally isolated and understand that the biggest risk might come from home — from a potential uprising next,» he added.
Israel Defense Forces spokesman Brig. Gen. Effie Defrin confirmed that the Israeli Air Force struck the building where senior clerics had planned to assemble, The Times of Israel reported.
KHAMENEI’S DEATH OPENS UNCERTAIN CHAPTER FOR IRAN’S ENTRENCHED THEOCRACY

A general view of Tehran with smoke visible in the distance after explosions were reported in the city, Monday, in Iran. (Contributor/Getty Images)
It remains unclear how many of the 88 members were present at the time of the strike, according to an Israeli defense source cited by the outlet. The second strike on Iran’s leadership comes amid a broader military campaign.
As previously reported by Fox News Digital, U.S. forces have struck more than 1,700 targets across Iran in the first 72 hours of Operation Epic Fury, according to a U.S. Central Command fact sheet.
The campaign is aimed at dismantling Iran’s security apparatus and neutralizing what officials describe as imminent threats.
According to U.S. Central Command, targets have included command-and-control centers, the Islamic Revolutionary Guard Corps Joint Headquarters, the IRGC Aerospace Forces headquarters, integrated air defense systems and ballistic missile sites.
FIREBRAND ANTI-AMERICAN CLERIC ALIREZA ARAFI SEEN AS CONTENDER TO REPLACE IRAN’S KHAMENEI

The USS Thomas Hudner fires a Tomahawk land attack missile in support of Operation Epic Fury, Sunday, while at sea. (U.S. Navy/via Getty Images)
«We need strategic patience and determination, and in several weeks most of the job will be accomplished,» Michael added. «Even if the regime does not collapse, Iran will not be like we used to know.
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«I assume that the U.S. and Israel will establish a very robust monitoring mechanism that will enable them to react whenever the regime tries to reconstitute its military capacities again.»
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Médicos de élite respondían a Jeffrey Epstein al atender a sus «chicas»

CHIMENTOS3 días agoDestrozaron a Andrea del Boca por el terrible pecado que tuvo en Gran Hermano: “La quiero presa”, apuntaron contra la actriz por un detalle en la cocina
CHIMENTOS3 días ago¡Otro abandono! El participante de Gran Hermano que anunció su salida de la casa: La confesión de Gabriel Lucero que se suma a la lista de renuncias
CHIMENTOS3 días agoLa histórica figura de Intrusos que se va del programa y armó un escándalo con Adrián Pallares y Rodrigo Lussich: “Me voy”, reveló Pablo Layus




















