White Home press secretary Karoline Leavitt was requested to make clear what Treasury Secretary Scott Bessent meant when he mentioned the brand new so-called Trump financial savings accounts for newborns could possibly be a “again door” to start out privatizing Social Safety.
Bessent has since tried to walk the comments back.
“What the secretary of treasury was saying, and what this administration believes, is that these Trump new child accounts, which is an extremely inventive and nice provision that was within the one huge, stunning invoice for new child infants and households and future generations of Individuals, will assist complement not substitute Social Safety,” Leavitt mentioned.
“The Trump administration is wholeheartedly dedicated to defending Social Safety. The president did it in his first time period. He is doing it once more on this time period. However these new child accounts are one other income stream for younger folks, to observe their cash develop all through their lives and to someday be capable to entry these funds to allow them to hopefully construct a house and dwell the American dream,” she added.
White Home Press Secretary Karoline Leavitt speaks throughout a press briefing within the Brady Press Briefing Room on the White Home, July 31, 2025, in Washington.
Mark Schiefelbein/AP
