Trump admin updates: Trump calls for expanded deportations in LA, NYC and more

Trump touted the new Trump Savings Account in the GOP megabill at a roundtable at the White House with lawmakers and top CEOs.

"The Trump Accounts, as they call it, pilot program, which will make it possible for countless American children to have a strong start in life, at no cost to the American taxpayer. Absolutely no cost. It's gonna have a huge impact," Trump said.

Should the bill become law, the government would deposit $1,000 into a tax-deferred, low-cost index fund account that will track the overall stock market for each newborn. Additional contributions can go up to $5,000 annually. When the children reach adulthood, they would be able to take out money to cover things like college or a down payment on a home.

Trump said that the account will "contribute to the lifelong success of millions of newborn babies"

"They'll be open for additional private contributions each year from family, friends, parents, employers, churches, private foundations and more. This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they'll really be getting a big jump on the life, especially if we get a little bit lucky with some of the numbers in the economy into the future," Trump added.

House Speaker Mike Johnson touted how the "transformative" policy can help American families.

"It's a bold, transformative policy that gives every eligible American child a financial head start from day one,” Johnson said. “Republicans are proud to be the party we always have been that supports life and families and prosperity and opportunity. And Trump accounts are all about setting up the next generation for success. For future Americans, this early investment could really be the game-changer.”

-ABC News’ Michelle Stoddart

U.S. Defense Secretary Pete Hegseth will testify three times on Capitol Hill this week, beginning with his first hearing on Tuesday.

This will be the first time Hegseth sits down to be questioned publicly before Congressional committees since his tumultuous confirmation hearing on Jan. 14.

Hegseth will be on Capitol Hill to discuss the Dept. of Defense's budget as part of the annual appropriations process.

However, lawmakers will surely take the opportunity to question Hegseth on a number of topics, including the ongoing immigration-related protests in Los Angeles and the National Guard deployment, the Qatari plane and his participation in the so-called Signal-Gate scandal.

Hegseth will testify alongside the Chairman of the Joint Chiefs of Staff General John 'Razin' Caine. Caine replaced Gen. CQ Brown after the latter was fired by President Trump in February.

--ABC News' Mariam Kahn

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are expected to speak Monday, a White House official confirms to ABC News.

The two world leaders spoke two weeks ago, when Trump later said he warned Netanyahu not to take actions that could disrupt nuclear talks with Iran.

Their talk comes as Iranians called the latest U.S. proposal on a new nuclear deal "unreasonable, greedy, and unconventional," and as American officials wait for Hamas to respond to their latest hostage/ceasefire proposal.

--ABC News' Lalee Ibssa

President Donald Trump will host a roundtable Monday to formally announce the provision in his massive funding bill called the "Trump savings accounts," which will allow parents and guardians to invest funds in the financial markets on behalf of children, a White House official confirms to ABC News.

The savings account would be applicable to children born between January 1, 2025, and January 1, 2029. The government would deposit $1,000 into a tax-deferred, low-cost index fund account that will track the overall stock market for each newborn. Additional contributions can go up to $5,000 annually. When the children reach adulthood, they are able to take out the money to cover things like college or a down payment on a home.

"The passage of the One Big Beautiful Bill will literally change the lives of working, middle class families across America by delivering the largest tax cuts in history, increasing the child tax credit, AND by creating this incredible new "Trump Account" program, which will put the lives of young Americans on the right financial path," White House press secretary Karoline Leavitt said in a statement to ABC News.

Multiple CEO's from companies, such as Dell Technologies, will appear with Trump to announce billions of dollars in collective investments into "Trump Accounts" for the children of their employees, according to the official.

The event comes as the White House works to highlight Trump's so-called "One, Big, Beautiful Bill," as the Senate works through attempting to pass the budget bill and amid explosive criticism from Elon Musk last week.

--ABC News' Lalee Ibssa