Senate report ties 3 big banks to years of missed Epstein alerts
Why it matters: Democrats want a Justice Department review after the report traced thousands of suspicious transactions totaling more than $1 billion.
Bloomberg, NPR
Subject
#Treasury Department
US Mint to strike Trump $1 coin for 250th anniversary
What's new: The design may face legal scrutiny because an advisory coinage committee did not review it before production.
The New York Times, PBS NewsHour +2
25 governors back Trump Accounts for foster children
Why it matters: States could use the tax-advantaged accounts for youths aging out of care, but access rules and benefit impacts remain unresolved.
BBC News (World), CNBC +2
US yanks Iran oil waiver after 3 tankers are hit near Hormuz
Why it matters: Brent settled up 3% and climbed above $76 after the move, as ship-threat warnings in the strait were raised to severe.
CNBC, MarketWatch +1
More than 6 million children sign up for new Trump Accounts
What's new: About 1.4 million children born from 2025 to 2028 qualify for a $1,000 federal seed deposit.
US grants Iran 60-day oil license through Aug. 21 after talks
Why it matters: The deal lets Iranian oil be sold in dollars, requires toll-free Hormuz transit for 60 days and sends U.N. nuclear inspectors back.
Bloomberg, CNBC +2
US eases Iran oil sanctions for 60 days as peace talks advance
Why it matters: The waiver links oil sales to nuclear inspections and open shipping through the Strait of Hormuz.
Bloomberg, The Straits Times
US sanctions Cuba oil firm CUPET, tightening pressure on fuel imports
Why it matters: The move targets the state company handling Cuba’s fuel imports as blackouts and shortages deepen across the island.
Bloomberg, The Straits Times +1