Elizabeth Schulze

Aaron Katursky, ABC News chief investigative correspondent, dives into Nicolas Maduro's court appearance and the alarming cocaine trafficking charges he faces. Elizabeth Schulze, ABC News economics correspondent, analyzes market reactions and the implications for U.S. oil companies like Chevron regarding Venezuelan oil. Meanwhile, Jay O'Brien discusses the political fallout from Minnesota's daycare fraud scandal, detailing Governor Tim Walz's controversial decision to suspend his re-election bid amid fierce scrutiny.

In this discussion, Elizabeth Schulze, an economics reporter for ABC News, unpacks the new 'Trump Accounts'—tax-advantaged investment accounts for newborns funded with a seed contribution. She explores their origins and compares them to prior concepts like baby bonds. Elizabeth explains eligibility and contribution limits, alongside potential growth projected from historical market returns. She also addresses risks and the ongoing K-shaped economy, emphasizing that while these accounts could provide support, they won't fully tackle wage inequality.