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Trump Accounts app to go live Thursday

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President Donald Trump delivers remarks at the Treasury Department's Trump Accounts Summit

By Jeanne Sahadi, CNN

(CNN) — There is a new app going live on Thursday for parents who set up Trump Accounts for their children, Treasury Secretary Scott Bessent said Wednesday.

Bessent announced in a cabinet meeting on Wednesday that the app would be available “on all major platforms tomorrow morning,” and noted that nearly 6 million children already have accounts set up.

The app was created by Robinhood, the commission-free trading and investing platform, and the Bank of New York, both of which were selected by the Treasury Department to manage Trump Accounts in this initial phase.

Trump Accounts are IRA-style savings accounts for children. They are like traditional IRAs in that money in the accounts will grow tax deferred. But the rules differ when it comes to contributions, withdrawals and approved uses of the money. Also, the money may not be tapped before a child turns 18.

Parents as well as their employers, friends or other relatives may contribute a combined $5,000 a year into a child’s account.

In addition, the federal goverment will contribute $1,000 into every account for children born between January 1, 2025 and December 31, 2028. Also, money from philanthropists, nonprofit charities or state governments earmarked for children in a “qualified class” (such as those living in a given state) may also be contributed.

To qualify for a Trump Account, a child must be under age 18 at the end of the year in which an account is opened for them. The child also must be a US citizen and have a valid Social Security number.

The new app will be available on Apple and Google app stores Thursday morning, a Treasury spokesperson told CNN. It can be used by parents to view account balances and make investing decisions for the money, among other things. Investment options will be limited to very low-cost, broad-based US stock index funds and exchange-traded funds.

The accounts won’t officially be open for investment until July 4. That is also the time when the Treasury Department will start depositing the $1,000 in federal seed money into eligible accounts (although since the 4th is a Saturday, it’s possible the money won’t show up in the account until Monday, July 6). Until then, the Treasury spokesperson said, “the app features eight exclusive financial literacy modules that families can access now.”

To create a Trump Account for a child, Form 4547 can be filled out by parents or other authorized individuals such as a legal guardian and submitted to Treasury when they file their taxes, or they can sign up for an account on trumpaccounts.gov.

(Here’s more on how Trump Accounts will work.)

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CNN’s David Goldman contributed to this report.

The post Trump Accounts app to go live Thursday appeared first on News Channel 3-12.

Newsmakers: Good News, Bad News for News-Press – SB Elites Differ in Helping, Hurting Reborn Outlet

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Community treasure and über-philanthropist Sara Miller McCune uplifted the reborn News-Press this week, even as another venerable Santa Barbara institution moved to undermine the upstart news operation. McCune, who played a cameo […]

The post Newsmakers: Good News, Bad News for News-Press – SB Elites Differ in Helping, Hurting Reborn Outlet appeared first on edhat.

Americans will be sent to Kenya for Ebola care, Trump administration says

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By Deidre McPhillips, Jennifer Hansler, Aaron Cooper, Jamie Gumbrecht, CNN

(CNN) — As an Ebola outbreak in the Democratic Republic of Congo continues to grow, the Trump administration says it is focused on keeping the disease out of the United States.

“We cannot and will not allow any cases of Ebola to enter the United States,” US Secretary of State Marco Rubio said at a Cabinet meeting Wednesday.

The US “is setting up a state-of-the-art facility” in Kenya for Americans who need Ebola care, a Trump administration official said Wednesday.

“The facility is designed to provide access to high-quality care for Americans who would need to quickly get out of DRC and quarantine without the risks of a lengthy transport back to the US,” the official said.

“Time is of the essence for Ebola patients, and this facility will enable Americans in the region who contract Ebola to receive lifesaving care as quickly as possible without 12-plus hours of medevac flight time,” they said.

“Treatment capabilities at the facility are expected to be able to care for the full spectrum of Ebola Virus Disease, including critical care needs, though each case will be evaluated for forward transport for more advanced care as appropriate in order to maximize patient outcomes,” the official said.

They said the facility was being set up “through a coordinated effort” with the US State Department, the US Department of Health and Human Services and the Pentagon.

Some predict ‘awful consequences’

However, the US has its own specialized network of hospitals that are highly equipped to treat Ebola patients that some experts say would be much better utilized.

Jeremy Konyndyk, who was director of the US Agency for International Development’s Office of US Foreign Disaster Assistance during the 2014-16 West Africa Ebola outbreak, noted that “the US has invested for years and continues to invest in a whole network of very capable Ebola isolation and treatment facilities.”

“Rather than having confidence in the capabilities we’ve built up here, we’re sending them just literally anywhere else,” said Konyndyk, who is now president of the humanitarian organization Refugees International.

“One of the things that I just find so viscerally offensive about the administration’s posture right now is they’re saying basically, if you’re an American who gets infected, we don’t have your back; you’re not welcome in your own country,” he told CNN.

Dr. Krutika Kuppalli, an infectious disease expert and former medical director of the Sierra Leone Ebola Treatment Center, called the new plan “insane.”

It will have “awful consequences,” she wrote in a post on X on Wednesday.

Lawrence Gostin, director of the World Health Organization Collaborating Center on National and Global Health Law, said the outcomes will be worse for both patients and humanitarian workers.

The plan is “reckless, unethical & possibly unlawful,” he wrote in a post on X on Wednesday.

Earlier this month, an American doctor working in the DRC who tested positive for Ebola was sent to Germany for care, and another with a high-risk exposure was sent to the Czech Republic.

In a statement Wednesday, the Kenyan Ministry of Health noted “ongoing discussions with US government and other global partners regarding international collaboration on strengthening preparedness and response mechanisms for Ebola Virus Disease (EVD) and other emerging public health threats.”

“Any arrangements regarding international health cooperation will be guided by Kenya’s national laws, public health regulations, biosafety and biosecurity standards, and the overriding responsibility of Government to safeguard t

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