Good to go.

Alright, so good afternoon everyone.

I am thrilled to be here today.

Yesterday, Connecticut's treasurer, Eric Russell, stood up to a podium to make an announcement.

Our first in the nation initiative to invest directly in Connecticut kids is closer to becoming a reality.

Russell and state lawmakers had broken in impasse over a program that was designed to address entrenched poverty.

And it's really a shot to help break the cycle of generational poverty for so many who have lived in it.

This program is known as baby bonds.

Two years ago, the state passed a bill to invest cash in a trust for each child born into a low income family.

And when the child reaches 18, they can collect that investment.

The idea is to provide financial footing to some of the state's poorest people.

This is sending a resounding message that your future can be bright regardless of what zip code you are born in.

The idea behind Connecticut's program is one that's gaining traction around the country.

Washington, D.C. and California have also approved baby bond programs.

And at least eight other states are considering them too.

But in Connecticut, the path to actually funding the program has been a long one.

Welcome to the journal, our show about money, business, and power.

I'm Kate Limbond. It's Wednesday, May 17th.

Coming up on the show, the baby bonds program and the state trying to get it off the ground.

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