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The Latest Breaking News from the Treasury Department

Treasury Department Has a Troubling Update for Every American Taxpayer

The Treasury Department has a problem that reaches far beyond Washington, D.C., and it does not arrive with a dramatic new tax form. The federal government now spends an enormous amount of money simply paying interest on money it already borrowed, and that bill keeps getting harder to ignore.

The Free Financial Advisor

After Argentina, Pakistan Reportedly Seeks $10 Billion US Backstop Facility to Bolster Fragile Economy

In a bid to strengthen its economy, Pakistan has reportedly sought a $10 billion exchange stabilization facility from the United States.

Benzinga

Trump promised babies $1,000. Some parents say they’re still waiting

Trump is set to visit a Georgia high school on Wednesday to highlight the accounts, which provide a $1,000 government-funded investment for children born during his second term

The Independent UK

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The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed

"Therefore, the biggest risk to the debt burden would be a sharp rise in short-dated yields if the Fed were to hike rates by more than expected in the coming year."

Fortune

US Mint produces a $1 coin bearing Trump's face to help celebrate America's 250th birthday

The U.S. Mint is producing a new $1 coin featuring Donald Trump's likeness. This commemorative coin will be released in the fall to mark America's 250th birthday. The coin's design includes Trump's image and patriotic inscriptions. Treasury Secretary Scott Bessent stated the coin honors liberty and patriotism. This move follows…

The Economic Times

US Mint begins producing a $1 coin bearing Trump's face that will be available in the fall

The U.S. Mint has started producing a new $1 coin featuring President Donald Trump

The Independent UK

Krabi island up for sale to raise state revenue

The Treasury Department plans to offer a private island in Krabi province for sale or lease to generate revenue.

Bangkok Post

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Judge: Trump's IRS settlement was sham

Judge Kathleen Williams said that the case flouted constitutional restrictions against self-dealing

Salon

Trump's New Investment Accounts May Send $19.5B Into Wall Street. Large Cap Stocks Could See The Biggest Boost

President Donald Trump's newly launched Trump Accounts could channel nearly $20 billion into the U.S. stock market during the second half of 2026, according to a new analysis.

International Business Times

Trump Accounts are now available for kids. Here's where the money will be invested in the stock market—in line with Warren Buffett's advice

Money contributed to Trump Accounts at launch will be put in the State Street SPDR Portfolio S&P 500 ETF as an initial default investment.

Fortune

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

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

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

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

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The Independent UK

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

Ballotpedia

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.

The Economic Times

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…

AAP

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

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AAP

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

The Independent UK

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

The accounts are set to open for contributions on July 4

Latin Times

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…

Reason

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.

Latin Times

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

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