President Donald Trump's administration was making headlines on multiple fronts Wednesday, addressing issues ranging from international relations to domestic policy and law enforcement.
Treasury Secretary Scott Bessent discussed the administration's new "Trump Accounts" program and an investigation into Federal Reserve Chair Jerome Powell in an interview with CBS News. According to a transcript released by CBS News, the "Trump Accounts" will provide $1,000 to families with children born between January 1, 2025, and December 31, 2028, to be invested in an index fund. "Well, for the families who have children between January 1st, 2025, and December 31, 2028, you got 1,000 coming from the government that's going to be invested into an index fund," Bessent told CBS News' Kelly O'Grady.
Internationally, the United Kingdom reportedly reopened talks with the U.S. regarding the Chagos Islands after President Trump criticized a potential deal to hand sovereignty of the archipelago to Mauritius, Fox News reported. British Prime Minister Keir Starmer confirmed the renewed discussions after Trump reportedly called the initial deal "an act of great stupidity," according to GB News, as cited by Fox News.
Meanwhile, President Trump nominated federal prosecutor Colin McDonald to the newly created position of assistant attorney general for national fraud enforcement, Fox News reported. The role was designed to lead a new division at the Department of Justice focused on combating fraud. "I am pleased to nominate Colin McDonald to serve as the first ever Assistant Attorney General for National FRAUD Enforcement, a new Division at the Department of Justice, which I created to catch and stop fraud," Trump said, according to Fox News.
President Trump also intensified his rhetoric against Iran, suggesting potential military action if the country did not meet a set of demands, The New York Times reported. Trump's threat came as the aircraft carrier Abraham Lincoln and other military assets positioned themselves in the region. Trump compared the buildup to a previous operation near Venezuela, The New York Times noted. Trump did not specify the demands he was making of Iran.
Domestically, in Georgia, Courtney Janell Shaw, an assistant principal, was arrested on shoplifting charges, Fox News reported. Shaw, 47, was accused of stealing nearly $1,000 worth of merchandise from Walmart using a "stacking" method at self-checkout kiosks, according to Fox 5 Atlanta, as cited by Fox News. She was booked into the Cherokee County jail on one felony count of shoplifting and released on a $4,875 bond, the Cherokee Tribune reported, according to Fox News. Authorities alleged that Shaw was caught on camera placing multiple items on top of one another and scanning only one before exiting the store.
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