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The Latest Breaking News from the Treasury Department

Trump Accounts launch July 4, giving newborns $1,000. Here's what to know

President Trump's administration is launching "Trump Accounts" to promote financial independence for American children, coinciding with the nation's 250th anniversary. The program offers a $1,000 government bonus for eligible newborns, with private investments managing the funds until the child turns 18. Billionaires and companies are also contributing, aiming to boost…

The Economic Times · Jul 3

Social Security Electronic Benefits Update: Why a White House Mandate Is Phasing Out Paper Cheques

The US Social Security Administration is phasing out paper cheques, following an executive order from Donald Trump that pushes federal agencies towards fully electronic payments by late 2025.

International Business Times UK · Jun 30

Trump Promised a $2,000 Tariff Payout—But the Treasury Has Bad News for Your July 4th Celebrations

Trump's proposed $2,000 tariff payout lacks congressional approval, with no set timeline or eligibility criteria, amid warnings of related scams.

International Business Times UK · Jun 30

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Treasury seeks narrower gap in land appraisal prices

The Treasury Department is adjusting its official land appraisal price to more closely hew to the present market value, says director-general Akkaruth Sandhyananda.

Bangkok Post · Jun 28

Democrats demand watchdog investigation into push to get Trump’s face on $250 bill

Democratic lawmakers are raising questions about whether the Treasury Department engaged in ‘waste, fraud and abuse’ by pushing an effort to get Trump’s face on a $250 bill

The Independent UK · Jun 24

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 · Jun 22

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 · Jun 13

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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 · Jun 12

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 · Jun 11

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 · Jun 11

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 · Jun 11

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 · Jun 5

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 · Jun 3

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 · Jun 2

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Latin Times · May 29

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

The Independent UK · May 29

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

We Got This Covered · May 29

‘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.

The Economic Times · May 29

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…

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The Economic Times · May 28

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 · May 28

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 · May 28

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 · May 28

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 · May 28

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

The Economic Times · May 28

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 · May 26

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

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