Trump’s Cuts Could Undermine His Precious Trump Accounts

Donald Trump’s eponymously named childhood investment accounts might not survive his own administration’s cost-cutting measures.

The Trump Accounts program was officially launched on Independence Day, offering $1,000 deposits in Treasury-held funds for Americans born between 2025 and 2028. The administration has since been on a marketing kick trying to figure out how to get Americans to utilize the new initiative, including an effort by the Social Security Administration to develop a process that would automatically enroll newborns in Trump Accounts when they receive their Social Security numbers, Newsweek reported Thursday.

A Trump official committed the administration to the task earlier this week, telling Newsweek that the “goal” was to have “every American child own a Trump Account.”

But researchers that specialize in the implementation of government program enrollment argue that the expensive operation—and its novel implementation—could be at risk due to another Trump campaign priority: government-wide short-staffing caused by the now-defunct Department of Government Efficiency.

“The administration would need to invest heavily in outreach and support to help people understand what the accounts are, how they enroll in them, and then how they use them,” Pamela Herd, a professor of social policy at the University of Michigan’s Gerald R. Ford School of Public Policy, told Newsweek. “But given DOGE cuts to federal agencies, from the IRS to U.S. Digital Services, I don’t believe they have that capacity.”

White House spokesperson Kush Desai described Herd’s analysis as an “idiotic suggestion” and said there is “no workforce-related bottleneck depressing Trump Account signups.”

“In fact, parents don’t need to interact with a single government worker to sign their kids up for Trump Accounts,” Desai told Newsweek. “They can seamlessly do so by heading to TrumpAccounts.gov and filling out a quick and simple online form.”

Trump Accounts were tacked on as a stipulation for the president’s One Big, Beautiful Bill tax plan last year, which offered whopping tax cuts for corporations and the ultrawealthy while gutting social programs such as Medicaid. Weeks after the bill was signed into law, Treasury Secretary Scott Bessent referred to the Trump Accounts as a “backdoor for privatizing Social Security.”

“Social Security is a defined benefit plan paid out to the extent that if, all of a sudden, these accounts grow and you have in the hundreds of thousands of dollars for your retirement, then that’s a game changer, too,” Bessent said in July 2025.

White House Press Secretary Karoline Leavitt claimed, despite evidence to the contrary, that President Donald Trump and Vice President JD Vance agree on the value of pursuing negotiations with Iran.

In a Thursday press conference, Elina Shirazi of The Daily Mail noted contradictory statements made recently by the first- and second-in-command on whether U.S.-Iranian talks are worthwhile.

Namely, Trump said the following last week of Iranians and their leadership: “They’re scum. They’re sick people.… They’re vicious, violent people.… It’s just a waste of time dealing with them. They’re liars.… There’s something wrong with them. They’re cuckoo.”

But Vance, appearing on an episode of The Joe Rogan Experience that aired Wednesday, said, “I’m very frustrated by the Americans, and frankly by people in other countries, who are like, ‘You cannot negotiate with the Iranians.’” Going further, he called the sentiment “fundamentally idiotic” and said those who espouse it “do not actually have a solution”—apparently unaware that he was describing a belief expressed by his boss just days earlier.

“Respectfully, I do think you’re taking comments from different times throughout this conflict,” Leavitt told Shirazi, adding, “I can tell you the president and vice president are on the exact same page about where we are right now in this conflict.”

She also argued that the hot-and-cold negotiations were a sign of how successful U.S. attacks on Iran have been.

Senator Thom Tillis has announced that he will vote against Todd Blanche’s attorney general nomination unless he meets with the Epstein survivors he’s been avoiding for months. This could potentially kill Blanche’s nomination, as Blanche needs a “yes” vote from all 11 Republicans on the Senate Judiciary Committee for his nomination to move forward.

“I have not made a final decision, but Mr. Blanche said very quickly yesterday that he would meet with the [Epstein] victims today if it could be arranged,” Tillis said, repeating Blanche’s earlier comment. “Because it seemed to me that Mr. Blanche was willing to say that he would meet with them and counsel.... I expect that meeting to occur before I’m willing to vote out of this committee.”

Tillis had last month set a different requirement for Blanche: that he disavow the January 6 protesters.

His new ultimatum came shortly after Dani Bensky, who was abused by Epstein as a teenager, lambasted Blanche for still not meeting with her and other survivors, even after he promised he would—despite meeting with Epstein accomplice Ghislaine Maxwell for nine hours shortly before she was transferred to a cushier prison.

“In our nation, everyone deserves equal protection under the law. Todd Blanche has been unwilling to protect Epstein survivors’ personal information, and he has been resistant to investigate the people who helped Epstein and Maxwell commit those crimes. We need an attorney general committed to ensuring that everyone who facilitated Epstein’s crimes is held accountable,” Bensky said. “Please, I implore you. Please.”

Tillis noted that Blanche had two weeks to fulfill his demand.

The Trump administration is putting limits on how long foreign students can stay in the U.S. on student visas.

The Department of Homeland Security on Thursday finalized a plan to cap student visas to a maximum of four years, regardless of whether the person’s studies are still continuing. Any more time would require students to apply for an extension.

The new rule, which is expected to go into effect September 15, changes long-standing policy that made student visas valid for however long an educational program lasted. This helped Ph.D. students, for example, whose programs typically last six years.

The new rule will also change what’s known as optional practical training, which allows foreign students to work in the U.S. for up to three years after they graduate. In addition, students will have less time to change schools, leave the country, or change their status after graduation, with that period being shortened to 30 days from 60.

In a statement, Secretary of Homeland Security Markwayne Mullin said that foreign students would no longer be able to “abuse” the system.

“For nearly half a century, the outdated ‘duration of status’ system has compromised national security and created an environment ripe for immigration fraud,” Mullin said. “For decades, foreign students have been admitted into the U.S. indefinitely, allowing thousands to abuse our immigration system by perpetually enrolling in courses to avoid having to leave the U.S.”

Under the new rule, students could be denied an extension of their visa even after years of work on final projects, dissertations, and theses.

International student enrollment has already plummeted in President Trump’s second term thanks to new visa restrictions on many countries, harsh immigration enforcement, and the prosecution of foreign students who engage in political activity that the administration disagrees with, such as pro-Palestine advocacy. This in turn has led to a big drop in revenue for universities and colleges, which have had to cut programs, and has negatively impacted a major economic engine for the U.S.

International students are turning to universities in Asia and Europe as a result. American colleges and universities, once highly ranked internationally, are already starting to slide in global rankings, and this will make things worse. The Trump administration’s anti-immigrant xenophobia is hurting one of the country’s highest-regarded institutions and is bad for the economy.

The Trump administration has repeatedly claimed without evidence that the Lincoln Memorial Reflecting Pool’s peeling lining was the work of vandals. An independent analysis has concluded otherwise.

After reviewing photographs and satellite imagery, and speaking with experts, The Washington Post found that the extensive gashes in the pool liner were likely the result of improper application. The Thursday report noted that the tears appeared in at least seven places “along seams that were created when the material was applied in large rectangular sections.”

Noting that reporters were not able to access the center of the pool during a June 25 visit, the Post chronicled that the peeling occurred in irregularly shaped patches along the edges of the patchwork seams, with sloughing pieces ranging in size from several inches to as much as six feet. Some sections of the lining were so damaged that reporters were able to see the bare concrete underneath.

Rhino Linings, a popular truck-bed coating company that received the no-bid contract to do the job, has been named in several lawsuits since 2021 alleging that its liners were inadequate and resulted in hundreds of leaks.

Nonetheless, Donald Trump and his entourage have pinned the problem on supposed troublemakers dead set on destroying his $16 million renovation project (a cost that’s a far cry from his promised $1.8 million price tag for the endeavor). The White House has not provided any great evidence for the theory but has raised tensions around the Reflecting Pool, anyway. By late June, at least seven individuals were arrested for allegedly destroying the pool, including former Olympic canoe racer David Hearn.

The White House denied that any mistakes had been made during the renovation process.

“Unfortunately, deranged individuals made several gashes in the side of the pool and destroyed over 300 feet of the pool’s siding,” White House spokeswoman Taylor Rogers told the Post. “Once the necessary repairs to fix the vandalism are complete, the Reflecting Pool will be restored to all its glory.”

The company that had handled the memorial’s last renovation in 2010, the New Jersey–based Sika Corporation, was offered the chance to do this renovation before the job was offered to Rhino Linings. Speaking with CNN last month, two employees at Sika said the company had declined the offer due to Trump’s demands. Those included requirements that the pool be painted “American flag blue,” and that the restoration be completed by July 4. Both demands made the project “unfeasible,” according to the employees.