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The Latest Breaking News from the Treasury Department

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

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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

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 Economic Times

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.

The Times of India

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.

International Business Times

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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 Independent UK

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…

The Economic 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

Latin Times

Hasan Piker reportedly under scrutiny over Cuba sanctions investigation

The Times of India

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

The Independent UK

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.

Fortune

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.

Latin Times

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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.

Latin Times

Trump Signs Order To Create Retirement Accounts For Workers Without 401(k)s

President Donald Trump signed an executive order Thursday creating a new federal website meant to help millions of workers without employer-sponsored retirement plans open low-cost individual retirement accounts, a move the White House says will expand access to savings tools long available to federal employees.

The Independent UK

Meet the Liberty Bell fans visiting little-known replicas scattered across the country

If you can't visit the original Liberty Bell in Philadelphia, you might find a dead ringer nearby

The Independent UK

Donald Trump’s face to feature on US passports to mark America’s 250th anniversary, report says

President has already added his face to National Park passes and his name to the Kennedy Center

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The Independent UK

US launches sweeping crackdown on Southeast Asia cyberscams and sanctions Cambodian senator

U.S. officials have announced a major crackdown on Southeast Asian cyberscam operations controlled by Chinese transnational organized crime

Fortune

The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns

“In other words, Treasuries now offer a higher yield than the synthetic-dollar equivalents for hedged G10 sovereign bonds.”

International Business Times UK

TPUSA IRS Investigation Claims Debunked as Treasury Confirms No Probe — But $500,000 Trump Access Email Verified

The IRS is reportedly investigating Turning Point USA for alleged tax law violations, following claims of illegal coordination with Donald Trump and a $500,000 contribution requirement.

International Business Times

U.S. Treasury Sanctions Casinos, Human Rights Leader Over Alleged Cartel Ties

The U.S. Treasury Department announced sanctions against two casinos and three people due to alleged ties to Cartel del Noreste (CDN), a Mexican drug trafficking syndicate the Trump administration has designated as a terrorist organization.

Axios

Here's how U.S. residents feel about Trump's signature on American cash

The Treasury Department said the president's signature is being added to celebrate America's 250th anniversary.

We Got This Covered

‘It’s prohibited’: Trump will emboss his vanity in 24k gold unless one Oregonian stands in his way

Trump wants his face on everything.

The Mary Sue

‘First for a sitting U.S. president’: Donald Trump is now breaking a 165-year-old tradition in a way only he could

President Donald Trump’s signature is set to appear on U.S. dollars, marking an unprecedented move as he becomes the first sitting president to have his name emblazoned on the nation’s currency. According to The NY Times, this significant change, announced by the Treasury Department, is coming later this year and…

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