The U.S. State Department has announced that it is expanding its visa bond program to 50 countries on April 2, requiring foreign nationals from these countries to post a bond of $15,000 before receiving B1 or B2 visas for business and tourism in the United States. The bond will be returned to visa recipients who return home in compliance with the terms of the visa and the bond or does not travel.
The State Department says the visa bond program has already proven effective at drastically reducing the number of visa recipients who overstay their visas and illegally remain in the United States.
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Political News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.