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The Latest Breaking News from the Treasury Department

State legislative incumbents are retiring at a lower rate, facing primaries at a higher rate in 2026

Welcome to the Monday, June 22, 2026, Brew.

Ballotpedia

US Treasury expands bank data-sharing rules tied to Trump immigration crackdown

The Treasury Department is guiding banks to share information on suspected undocumented customers, framing it as a crackdown on fraud and crime. New guidance allows banks to rapidly share data and flag customers potentially lacking legal immigration status, expanding existing anti-money laundering systems. This move aims to push undocumented workers…

The Economic Times

Treasury expands bank data-sharing rules tied to Trump immigration crackdown

The Treasury Department has moved to involve banks more deeply in President Donald Trump's immigration crackdown

AAP

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Melania Trump unveils a spinoff of Trump Accounts for children in foster care

First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts, designed to help foster children

AAP

Melania Trump unveils a spinoff of Trump Accounts for foster kids

First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts

AAP

Melania Trump announces spinoff of Trump accounts for kids in foster care

The accounts are set to open for contributions on July 4

The Independent UK

Cuba Blasts New U.S. Sanctions After Trump Targets President Díaz-Canel, His Family and Raúl Castro's Inner Circle

Cuba's government lashed out at Washington after the Trump administration imposed a sweeping new round of sanctions on President Miguel Díaz-Canel, his wife, his stepson, relatives of Raúl Castro and five key Cuban entities, escalating a pressure campaign that is now reaching not only the island's formal leadership but also…

Latin Times

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Trump's Immunity Deal Stinks Even More Than His Blatantly Corrupt 'Anti-Weaponization Fund'

An addendum to the president's "settlement" of his lawsuit against the IRS shields him and his family from liability for any federal offenses they committed prior to May 19.

Reason

Bernie Sanders' AI Wealth Fund Bill Shows That He Doesn't Understand AI or Wealth

Sanders' plan would impose a one-time tax of 50 percent of AI companies' stock and give the government voting shares and the power to block corporate decisions.

Reason

U.S. Offers $15 Million Reward for Information Leading to the 'Disruption of the Financial Mechanisms' of the Islamic Revolutionary Guard

The Treasury Department also sanctioned an alleged oil sales network involving Hong Kong-based entities that facilitated storage, transport and sale of Iranian oil worth billions of dollars

Latin Times

Meet Trump’s ‘favourite British artist’ designing the White House’s new $250 bill

Iain Alexander claims he’s painted portraits of the US president, Queen Elizabeth II, and Elon Musk’s mother

The Independent UK

‘The buck stopped here’: Donald Trump appointees adamant on making Trump $250 banknote happen, even if it means reassigning key staff

Even at the cost of breaking a 150 year old tradition.

We Got This Covered

US Treasury prepares mock-up of $250 note with Trump portrait

US Treasury Secretary Scott Bessent revealed mock-ups for a proposed $250 note featuring President Donald Trump, pending Congressional approval. Current law prohibits living individuals on currency, but proposed legislation aims to amend this. This initiative has reportedly caused internal controversy and led to the reassignment of the Bureau of Engraving…

The Economic Times

Trump Accounts app for kids goes live: Who qualifies for $1,000 government deposit, how parents can apply, launch date, app features, contributions and withdrawal rules explained

Trump Accounts for kids app explained: Parents can now access the Trump Accounts mobile app, a new government savings program for children. Launched May 28, the app offers financial literacy tools ahead of the official account debut on July 4, 2026. Eligible children born between 2025-2028 will receive a $1,000…

The Economic Times

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The Economic Times

Trump's face could appear on US $250 bill

A proposal to feature Donald Trump on a new $250 bill for America’s 250th anniversary is under discussion, raising legal and political concerns. The move would break a long-standing ban on depicting living individuals on US currency, with critics calling it controversial and supporters framing it as symbolic recognition.

The Times of India

Trump’s face on $250 bill? White House pushes bold currency plan

The Trump administration is exploring plans for a commemorative USD 250 bill featuring President Donald Trump, a move that would require Congress to overturn a long-standing federal law barring living people from appearing on American currency.

International Business Times

Treasury Exploring $250 Bill That Would Have Trump's Face On It: Report

The Treasury Department is exploring what a $250 bill featuring President Trump would look like.

The Independent UK

Trump now wants to create a new $250 bill with his face on it: report

Under federal law, only deceased people can appear on currency

Get all your
news in one place.

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The Economic Times

US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

Latin Times

Experts Say Trump Banking Crackdown May Hit Mexico Through Reduced Remittance Flows, Warn Banks Could 'Use This as an Excuse' to Pull Back

The order directs the Treasury Department and federal banking regulators to tighten customer identification and due diligence requirements for financial institutions

The Times of India

Hasan Piker reportedly under scrutiny over Cuba sanctions investigation

The Independent UK

Top government lawyer resigns as outrage mounts over Trump’s ‘slush fund’ of $1.7B for allies

The Treasury Department would have been responsible for distributing payments to those who successfully filed claims with the anti-weaponization fund

Fortune

The top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs

Yields for 10- and 30-year JGBs have soared to the highest levels since the 1990s, and the central bank is expected to tighten for the fifth time since 2024.

Latin Times

U.S. Expands Charges Against Jalisco Cartel's 'El Jardinero' to Include Meth Trafficking, Money Laundering

El Jardinero remains in preventive detention at the maximum-security Altiplano prison. The U.S. government has sought his extradition since 2021.

Fortune

Demand for longer-term U.S. debt gets weaker as one shock after another stokes fear that high inflation is here to stay

On Wednesday, the Treasury Department sold $25 billion of 30-year bonds at a 5% yield for the first time since 2007.

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