The Trump administration launches “Trump Accounts,” a federal savings program for children, with accounts expected to begin operating Saturday. The program provides government-funded deposits for eligible newborns and allows parents and others to contribute additional money into accounts managed by major Wall Street investment firms. Eligible children must have a Social Security number and be under 18. Coverage is set for children born between Jan. 1, 2025, and Dec. 31, 2028, a window that corresponds with most of President Donald Trump’s stated second-term timeline. For each qualifying child, the government contributes $1,000. Parents, friends, and employers can also make contributions, with the total amount capped at up to $5,000 per year. The program is named “Trump Accounts,” and the administration says the initiative is authorized by congressional Republicans. Supporters describe it as a new way for families to save for children, while details of the investment funds and account administration are handled by participating financial managers.