Trump admin live updates: Trump to announce savings accounts for parents, guardians

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