The White House Secretary Karoline Leavitt was asked to clarify what Treasury Secretary Scott Besent said when he said that Trump’s new savings explanations for newborns could be a “back door” to start privatizing social security.
Since then, Besent has tried to walk the comments again.
“What the Treasury Secretary said, and what this administration believes is that these newborn accounts of Trump, which is an incredibly creative and excellent disposition that was on the only big and beautiful bill for babies and newborn families and future generations of Americans, will help complement not replace social security,” Leavitt said.
“The Trump administration is with all my heart committed to protecting Social Security. The president did it in his first mandate. He is doing it again in this term. But these newborn accounts are another current of income for young people, observing their money to grow throughout their lives and one day to be able to access those funds so that hopefully they can build a house and live the American dream,” he added.
The White House Secretary, Karoline Leavitt, speaks during an informative press session in the Brady Press Breanding room at the White House, on July 31, 2025, in Washington.
Mark Schiefelbein/AP
