The Treasury Department is preparing a $250 bill featuring President Donald Trump’s portrait, pending congressional approval. The bill would be the first U.S. currency to depict a living person in over 150 years as part of the nation’s 250th anniversary celebrations.
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The U.S. military conducted defensive strikes on an Iranian military site near Bandar Abbas, shooting down four drones and targeting a control station amid fragile ceasefire talks. President Trump emphasized keeping the Strait of Hormuz open while rejecting Iranian claims of a preliminary deal.
The Justice Department has created a nearly $1.8 billion fund as part of a settlement to compensate individuals claiming government "weaponization." The fund has drawn criticism over its bypassing of congressional oversight and potential constitutional issues.
President Trump and the Justice Department settle a $10 billion IRS lawsuit by creating a $1.7 billion fund to address claims of government "weaponization." The fund will provide a process for victims to seek redress but awards no damages to Trump or his family.
U.S. stocks fell sharply and oil prices surged after President Trump pledged continued strikes on Iran without outlining a ceasefire plan or reopening the Strait of Hormuz. The Dow dropped over 600 points as energy prices and inflation concerns rose.
The U.S. Treasury Department announced that President Donald Trump’s signature will be added to new paper currency for the first time, commemorating the nation’s 250th anniversary alongside Treasury Secretary Scott Bessent’s signature. This change coincides with plans for a 24-karat gold commemorative coin featuring Trump’s likeness, both intended to honor the country’s historic milestone and Trump’s recent economic leadership. The new currency is expected to be introduced later this year amid ongoing economic challenges, with the Treasury praising Trump’s impact on the nation’s economic revival.
The United States is experiencing a worsening housing affordability crisis driven by factors such as restrictive zoning, high construction costs, and policy challenges, with recent bipartisan legislation facing uncertainty due to political disputes. Although the Trump administration has taken steps like reducing building regulations and expanding incentives for low-income housing, critics argue that rollbacks of civil rights protections and cuts to social programs undermine housing security for marginalized communities. This crisis reflects broader economic inequality, as wealth gains concentrate among the top 1% while many Americans struggle with rising living costs, exacerbating social and political tensions ahead of upcoming elections.
President Donald Trump announced a five-day postponement of planned airstrikes on Iran’s energy infrastructure, citing productive talks aimed at reopening the strategically vital Strait of Hormuz. While Trump claimed progress in negotiations, Iran denied any direct communication and viewed the delay as a tactic to lower energy prices and prepare militarily. The situation remains tense, with global energy prices surging and experts warning that the coming days will be crucial in determining whether diplomacy will de-escalate the conflict or if hostilities will intensify.