White House pushes Congress to approve $250 bill with Trump’s image
Summary
The White House is asking Congress to approve a new $250 bill featuring President Donald Trump's image, which would require changing a long-standing law that bans living people from appearing on U.S. currency. Treasury Secretary Scott Bessent said this bill would celebrate the country's 250th anniversary and that the Treasury is preparing for the possibility if Congress agrees.Key Facts
- Current law prohibits living people from appearing on U.S. money.
- The proposed $250 bill would show President Donald Trump’s portrait.
- The bill is meant to honor the 250th anniversary of U.S. independence.
- Treasury Secretary Scott Bessent stated the Treasury is ready to produce the bill if Congress approves.
- The law change needs a majority vote in the House and 60 votes in the Senate; approval is unlikely in the Senate.
- Democrats, including House leader Hakeem Jeffries, oppose the proposal.
- The law banning living persons on currency dates back to 1866 after a scandal involving a previous currency official.
- Prototypes of the $250 bill have been created by an artist commissioned by Trump’s appointees at the Treasury.
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