New Delhi, Dec. 17 -- Billionaire investor Ray Dalio has joined Michael Dell in backing the Trump administration's proposed investment accounts for children, known as Trump Accounts, Treasury Secretary Scott Bessent said on Wednesday (December 17).

Speaking at an event promoting the initiative, Bessent said Dalio would help fund the accounts for eligible children in Connecticut, as the administration works to line up private donors for every US state.

Bessent said the administration is encouraging states and private philanthropists to supplement the federally backed accounts, describing the effort as a public-private partnership aimed at boosting long-term wealth creation for American families.

"Twenty other US states are considering a...