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Gold Trump coin moves forward after Treasury invokes rare authority

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Gold Trump coin moves forward after Treasury invokes rare authority

The U.S. Mint is moving forward with a gold commemorative coin featuring President Donald Trump after a federal arts commission approved a design Thursday, with Treasury officials citing a legal authority that allows the inclusion of a sitting president despite longstanding restrictions.

FOX Business confirmed with a source familiar with the Commission of Fine Arts that the design shown is the mock-up approved by the panel, clearing a key step toward production of the coin.

The move is notable because federal law traditionally bars living individuals from appearing on U.S. currency, but Treasury officials say a separate statutory authority allows the minting of gold coins that can feature the sitting president, setting up a potential break from long-standing precedent.

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“As we approach our 250th birthday, we are thrilled to prepare coins that represent the enduring spirit of our country and democracy, and there is no profile more emblematic for the front of such coins than that of our serving President, Donald J. Trump,” U.S. Treasurer Brandon Beach said in a statement provided to FOX Business.

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A semiquincentennial commemorative gold coin design featuring U.S. President Donald Trump, in this undated handout image. The black and white sketch shows what one side of the coin is expected to look like. (U.S. Mint/Handout via REUTERS  / Reuters)

Beach added that the proposed commemorative gold coin would be separate from circulating currency and fall under the Treasury secretary’s discretion.

“The Secretary has sole discretion on final design selection,” the statement said, noting the process followed review opportunities presented to advisory bodies.

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The move would mark a rare instance of a sitting U.S. president appearing on a government-issued coin.

Treasury officials pointed to a provision under federal law, 31 U.S.C. § 5112, that allows the secretary to authorize bullion and proof gold coins with specifications, designs and inscriptions determined at their discretion.

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People view the portrait of U.S. President Donald Trump, taken by official White House photographer Daniel Torok which is the basis of a proposed U.S. Mint semiquincentennial commemorative gold coin design, on display at the Smithsonian National Port (REUTERS/Jonathan Ernst / Reuters)

The authority allows coins to be issued “in accordance with such designs… and inscriptions as the Secretary… may prescribe from time to time,” according to the statute cited by Treasury officials.

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The Treasury statement also noted that the Citizens Coinage Advisory Committee (CCAC) declined to review the proposed designs, while the Commission of Fine Arts (CFA) “has taken every opportunity to review thus far.”

Officials said the Mint fulfilled its statutory obligation to seek CCAC input despite the panel opting not to weigh in on the designs.

The approved design features Trump in a suit and tie with a stern expression, leaning forward with his hands resting on a desk in a forceful pose, according to materials presented to the commission.

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President Donald Trump speaks during a press conference at Trump National Doral in Miami, Florida, on March 9, 2026. (Saul Loeb/AFP via Getty Images / Getty Images)

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The coin includes “LIBERTY” along the top and the dates “1776–2026,” marking the nation’s semiquincentennial.

The reverse side is expected to depict a bald eagle in flight alongside traditional inscriptions including “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM.”

The Associated Press first reported that the Commission of Fine Arts approved the design without objection during its March meeting on Thursday.

The effort represents a departure from traditional practice, as U.S. currency has historically avoided depicting living individuals, though commemorative and bullion coins operate under different rules.

Officials said the coin will be part of a limited production run, with final details on size and denomination still under consideration.

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The coin is tied to the nation’s 250th anniversary celebrations in 2026, with Treasury officials framing the effort as part of a broader initiative to mark the milestone.

The White House did not immediately respond to FOX Business’ request for comment.

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Video: Americans Exposed to Hantavirus on Cruise Ship Arrive in United States

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Video: Americans Exposed to Hantavirus on Cruise Ship Arrive in United States

new video loaded: Americans Exposed to Hantavirus on Cruise Ship Arrive in United States

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Americans Exposed to Hantavirus on Cruise Ship Arrive in United States

Eighteen passengers who were aboard the MV Hondius, a cruise ship with a deadly hantavirus outbreak, landed in Omaha on a U.S. government medical flight. The passengers were being monitored at medical facilities in Nebraska and Georgia.

We’re working diligently to ensure no one leaves the security in an unsecured way at an inappropriate time. No one who poses a risk to public health is walking out the front door of the streets of Omaha or beyond.

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Eighteen passengers who were aboard the MV Hondius, a cruise ship with a deadly hantavirus outbreak, landed in Omaha on a U.S. government medical flight. The passengers were being monitored at medical facilities in Nebraska and Georgia.

By Axel Boada

May 11, 2026

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White House Correspondents’ Dinner shooting suspect pleads not guilty in federal court

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White House Correspondents’ Dinner shooting suspect pleads not guilty in federal court

The man charged with attempting to assassinate President Donald Trump at the White House Correspondents’ Association dinner last month pleaded not guilty at a Monday arraignment in federal court.

Cole Tomas Allen, 31, wearing an orange shirt and trousers, was handcuffed and shackled as he was brought into the courtroom in Washington, D.C., federal court. His handcuffs were attached to a chain around his waist, which clanked as he was led to the defense table.

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Speaking on behalf of Allen, federal public defender Tezira Abe said her client “pleads not guilty to all four counts as charged,” including attempting to assassinate the president of the United States, in connection with the April 25 incident at the Washington Hilton hotel.

Assistant U.S. Attorney Charles Jones advised the court that they plan to start producing their first tranche of discovery to the defense by the end of the week.

Officials said Allen, a California teacher and engineer, was armed with multiple guns, as well as knives, when he sprinted through a security checkpoint near the event where Trump and other White House officials had gathered with journalists.

He was arrested after an exchange of gunfire with a U.S. Secret Service officer who fired at him multiple times, a criminal complaint said. Allen was not shot during the exchange. The officer, who was wearing a ballistic vest, was shot once in the chest, treated at a hospital and released.

Trump and top members of his Cabinet and Congress were quickly evacuated from the room as others ducked under tables.

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Allen was initially charged with attempting to assassinate the president, transportation of a firearm and ammunition through interstate commerce with intent to commit a felony, and discharge of a firearm during a crime of violence. On Tuesday, a federal grand jury indicted him on a new charge in the shooting of a Secret Service agent.

Moments before the attack, Allen had sent his family members a note apologizing and criticizing Trump without mentioning the president by name, according to a transcript of some of his writings provided to NBC News by a senior administration official. Allen also wrote that “administration officials (not including Mr. Patel)” were “targets.”

He also appeared to have taken a selfie in his hotel room. Prosecutors said Allen, who was dressed in a black button-down shirt and black pants, was “wearing a small leather bag consistent in appearance with the ammunition-filled bag later recovered from his person,” as well as a shoulder holster, a sheathed knife, pliers and wire cutters.

Officials have said they believe Allen had traveled by train from California to Washington, D.C., before checking into the hotel.

Allen’s sister, Avriana Allen, told law enforcement that her brother would make radical comments and constantly referenced a plan to fix the world, but said their parents were unaware that he had firearms in the home and that he would regularly train at shooting ranges.

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Records show that he had purchased a Maverick 12-gauge shotgun in August 2025 and an Armscor Precision .38 semiautomatic pistol in October 2023.

After his arrest, Allen told the FBI that he did not expect to survive the incident, according to Assistant U.S. Attorney Jocelyn Ballantine. He was briefly placed on suicide watch at the Washington, D.C., jail, where he’s being held.

Allen is expected to appear in court for a June 29 hearing.

At Monday’s arraignment, his legal team said they plan on asking for the “entire office” of the U.S. attorney for the District of Columbia to be recused because of U.S. Attorney Jeanine Pirro’s apparent involvement in the case in a “supervisory role.” Federal public defender Eugene Ohm said some of the evidence they receive from the government will further inform that decision.

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Maps: Earthquakes Shake Southern California

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Maps: Earthquakes Shake Southern California

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Shake intensity

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Pop. density

Note: Map shows the area with a shake intensity of 3 or greater, which U.S.G.S. defines as “weak,” though the earthquake may be felt outside the areas shown.  All times on the map are Pacific time. The New York Times

A cluster of earthquakes have struck near the U.S.-Mexico border, including ones with a 4.5 and 4.7 magnitude, according to the United States Geological Survey.

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As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

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Aftershocks detected

Subsequent quakes have been reported in the same area. Such temblors are typically aftershocks caused by minor adjustments along the portion of a fault that slipped at the time of the initial earthquake.

Quakes and aftershocks within 100 miles

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Aftershocks can occur days, weeks or even years after the first earthquake. These events can be of equal or larger magnitude to the initial earthquake, and they can continue to affect already damaged locations.

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When quakes and aftershocks occurred

 All times are Pacific time. The New York Times

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Sources: United States Geological Survey (epicenter, aftershocks, shake intensity); LandScan via Oak Ridge National Laboratory (population density) | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Pacific time. Shake data is as of Saturday, May 9 at 11:55 p.m. Eastern. Aftershocks data is as of Sunday, May 10 at 11:54 p.m. Eastern.

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