Key facts
- First lady Melania Trump and Treasury Secretary Scott Bessent are set to announce a new initiative.
- The initiative will establish savings and investment accounts for youth in foster care.
- This is part of the broader 'Fostering the Future Together' program.
- Melania Trump has previously advocated for reforms to support young people aging out of foster care.
First lady Melania Trump and Treasury Secretary Scott Bessent are scheduled to announce a new initiative focused on youth in foster care. The program, set to launch on Thursday morning, will introduce savings and investment accounts designed to benefit young individuals transitioning out of the foster care system.
This announcement marks a continuation of the administration's 'Fostering the Future Together' initiative. Earlier this year, the first lady actively engaged with lawmakers on Capitol Hill, advocating for bipartisan reforms aimed at modernizing federal programs that support young people aging out of foster care.
The event is slated to commence at 11 a.m. EDT.