Scott Bessent confirms a $250 bill with Trump on it has a prepared design
Treasury Secretary Scott Bessent announced that a design for a $250 bill featuring President Trump has been prepared. The legislation to authorize the new currency is currently stalled in Congress, and Bessent emphasized that it is up to lawmakers to approve it. If passed, this bill would allow a living president to be depicted on U.S. currency, a significant departure from existing laws.
- ▪Scott Bessent confirmed the design of a $250 bill featuring President Trump.
- ▪The legislation to authorize the new currency is currently stalled in Congress.
- ▪If passed, the bill would allow a living president to be depicted on U.S. currency.
Opening excerpt (first ~120 words) tap to expand
Treasury Secretary Scott Bessent said Thursday that his department has prepared the design for a $250 bill featuring President Donald Trump, anticipating the passage of stalled legislation in Congress to put the president on a new denomination of legal tender.Recommended Video Bessent said at the White House that authorizing the new currency will be up to lawmakers on Capitol Hill, but that “we’ve created the bill” because “we have to be prepared.” The secretary downplayed the idea that the administration is pushing the matter, despite Trump’s penchant for infusing his name and likeness across the nation’s capital and into the observances of the 250th anniversary of the Declaration of Independence.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
Discussion
0 commentsMore from Fortune
