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Archive Home > 2009 > July > 09 > Senator proposes savings for newborns

Senator proposes savings for newborns


July 9, 2009

WASHINGTON — Sen. Charles Schumer wants to give every child born in the U.S. a $500 savings account, courtesy of the federal government.

The Democrat from New York plans to introduce legislation next week that would establish savings accounts for all newborn U.S. citizens and allow....

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