A federal commission appointed by former President Donald Trump has approved the final design for a 24-karat gold commemorative coin featuring Trump’s image to mark the United States' 250th anniversary in 2026. Despite federal laws prohibiting living presidents on currency, Treasury Secretary Scott Bessent authorized the coin’s production, which will be limited in quantity and potentially larger than standard gold coins. This gold coin project is separate from a planned $1 circulated coin featuring Trump, and its approval bypassed some traditional advisory channels amid broader efforts by Trump to link his legacy with national celebrations.
Posts tagged as “Biden White House”
Federal prosecutors in Miami have subpoenaed former FBI Director James Comey as part of a broad Justice Department investigation into alleged misconduct by Obama-era intelligence officials during the 2016 presidential election and subsequent Trump-related probes. The investigation, led by U.S. Attorney Jason A. Reding Quiñones, has issued over 130 subpoenas to former intelligence and law enforcement officials, expanding its scope from 2016 to the present amid claims of a coordinated effort to undermine Trump. While Trump allies describe the probe as uncovering a "grand conspiracy," legal experts highlight challenges due to the statute of limitations, and Comey has previously faced legal scrutiny related to his 2016 actions.
The Trump administration is reportedly preparing to request over $200 billion in emergency supplemental funding from Congress to support ongoing military operations in Iran, potentially using the request to retroactively justify the conflict. While House Speaker Mike Johnson and Defense Secretary Pete Hegseth have not ruled out the large funding package, lawmakers, especially Democrats, have expressed concerns about the lack of congressional authorization and the political challenges in passing such a bill. President Trump defended the surprise nature of the strikes on Iran, compared them to Pearl Harbor, confirmed the funding request, and downplayed the economic impact despite disruptions in the Strait of Hormuz.
The FBI is investigating Joe Kent, former director of the National Counterterrorism Center, for alleged leaks of classified information, with the probe beginning before his recent resignation over opposition to the Trump administration’s decision to go to war with Iran. Kent criticized the administration’s rationale, claiming there was no imminent Iranian threat and that the war decision was influenced by Israeli pressure, while the Trump administration and intelligence officials have disputed his claims. His resignation has sparked debate among political and intelligence circles, with former President Trump calling Kent “weak on security” and reaffirming the threat posed by Iran.
White House Chief of Staff Susie Wiles has been diagnosed with early-stage breast cancer and will begin treatment immediately while continuing her duties, President Donald Trump announced. Trump praised her strength and commitment, noting her excellent prognosis and the support of a “fantastic medical team.” Wiles, who also serves as co-campaign manager for Trump’s 2024 campaign, will balance her health challenges with her ongoing responsibilities in the administration.
The Senate overwhelmingly approved the bipartisan 21st Century ROAD to Housing Act, a comprehensive bill aimed at increasing affordable housing by streamlining construction, easing regulations, and limiting institutional investors from buying single-family homes. Sponsored by Senators Warren and Scott, the legislation includes grants, coordinated environmental reviews, and provisions to curb Wall Street’s influence in the housing market, though some opposition remains over certain investor restrictions. While the bill passed the Senate decisively, its future in the House is uncertain due to differences in versions, political opposition, and competing legislative priorities, even as housing affordability remains a critical issue for Americans.
The White House criticized Amazon's reported plan to display tariff charges on imported goods on its discount platform, Amazon Haul, calling it a "hostile and political act." Amazon clarified that while the idea was discussed, it has not been implemented, and there are no immediate plans to do so. Despite the potential transparency benefits for consumers, the proposal drew significant attention, prompting a conversation between President Donald Trump and Amazon founder Jeff Bezos, although no official changes have been made to the platform.
The Trump administration has announced plans to adjust tariff policies to alleviate financial burdens on U.S. automakers, aiming to support domestic manufacturing while maintaining trade policy objectives. Automakers manufacturing domestically will benefit from tariff relief, including reimbursement for tariffs paid on foreign-made auto parts. Despite these adjustments, uncertainty remains for some manufacturers, such as General Motors, which is reassessing its earnings projections due to the ongoing impact of tariffs.