President Donald Trump's administration faced increasing scrutiny and controversy on multiple fronts this week, including immigration enforcement in Minneapolis, the creation of a new "Fraud Czar" position, and a new initiative to provide seed money for newborn American's investment accounts.
In Minneapolis, tensions escalated after Mayor Jacob Frey declared the city would not enforce federal immigration laws. Trump responded on Truth Social, accusing Frey of a "very serious violation of the Law" and stating he was "PLAYING WITH FIRE!" according to Time. Frey's statement followed the dispatch of White House border czar Tom Homan to Minneapolis to oversee immigration operations. The conflict was further inflamed by the release of a new Bruce Springsteen song, "Streets of Minneapolis," which condemned Trump's immigration crackdown in the city. Springsteen dedicated the song to the people of Minneapolis and in memory of Alex Pretti and Renee Good, who were fatally shot by federal agents, according to Time. The song includes lyrics such as "King Trump's private army from the DHS...Came to Minneapolis to enforce the law," Time reported.
Meanwhile, Trump nominated a federal prosecutor, Colin McDonald, to the newly created role of Assistant Attorney General for National Fraud Enforcement, Time reported. This position, dubbed the "Fraud Czar," would lead a new DOJ unit with nationwide jurisdiction over fraud and be directly supervised by the White House, raising concerns about the potential politicization of law enforcement investigations, according to Time. Vice President J.D. Vance's communications director, William Martin, appeared to embrace the "Fraud Czar" nickname on X, Time noted.
In other news, President Trump rallied business leaders to supplement the $1,000 his Administration is giving every American child born between 2025 and 2028 in new "Trump Accounts," Time reported. At an event in Washington, D.C., Trump joined celebrities, CEOs, and members of the Administration to promote the accounts, a modernized form of baby bond invested in the SP 500. "Even people that truly hate me are making this investment," Trump said, according to Time. The initiative, part of the "Big Beautiful Bill," provides each newborn with a "beautiful nest egg" of $1,000 as seed funding, with withdrawals restricted until a later date, Time reported.
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