Trump on a $250 bill? Here’s what we know #shorts
Blurb:
The Washington Post says U.S. Treasurer Brandon Beach has pushed the Bureau of Engraving and Printing to expedite the process that would place the president’s portrait on a new $250 bill.
According to a mock-up design obtained by the Post, the bill would also feature Trump’s signature and a logo commemorating America’s 250th anniversary.
But even with Trump’s backing, the bill would technically be illegal. Current law forbids anyone living to be featured on U.S. currency. That law goes back to 1866.
Another law stipulates which denominations of U.S. bills can be produced. A $250 dollar bill is not one of them.
Trump allies on Capitol Hill are pushing legislation that would clear the way for the bill but that effort has stalled in Congress.
U.S. Treasurer Brandon Beach reportedly called for the bill’s design in anticipation of that legislation passing.
Treasury Secretary Scott Bessent echoed that at the White House briefing Thursday saying, “We have to prepare in advance. You can’t throw something up the day before.”
Even if the legislation does pass, it takes years for bills to be designed, requiring coordination with the Federal Reserve, the Secret Service and other partners.
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