WATCH LIVE: President Trump to Make Announcement on Trump Accounts as Tech Billionaire Michael Dell Pledges $6 BILLION to Help New Families

President Trump is scheduled to make an announcement on his Trump Accounts initiative to give new families a head start on building a savings account for their children. 

White House Press Secretary Karoline Leavitt previewed the announcement during a press briefing on Monday.

The “very exciting announcement” will help the initiative “give the next generation of Americans a jump start on savings,” she said.

WATCH:

Per NBC:

Tech billionaires Michael and Susan Dell announced they are pledging more than $6 billion for so-called Trump accounts for children ages 10 and under who were born before the program eligibility date of Jan. 1, 2025.

The funds are expected to inject $250 into 25 million additional accounts, according to a press release from the Dell Foundation. The pledge was first reported by USA Today.

“This gift is expected to reach nearly 80% of children age 10 and under across 75% of U.S. zip codes,” according to Invest America, a nonprofit advocacy group that is promoting the accounts.

Michael Dell is expected to join Trump at the White House today to announce the donation, a spokesman for Dell’s company said.

This comes after Trump and his cabinet held a public meeting this morning.

The announcement was scheduled for 2 pm ET but will be delayed due to the meeting.

Watch live below: