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Bessent: ‘President Trump should be on’ $250 bill

Treasury says it has already prepared the design while lawmakers consider a bill that would let a living president appear on U.S. currency.

  • On Thursday, Treasury Secretary Scott Bessent announced his department has prepared the design for a $250 bill featuring President Donald Trump, awaiting stalled Congressional legislation to authorize the new legal tender for the nation's 250th anniversary.
  • Current federal law prohibits living individuals from appearing on U.S. currency, requiring Congressional action to create an exception. "It's all up to Capitol Hill," Bessent said, emphasizing the department intends to follow existing statutes.
  • Treasurer Brandon Beach, a Trump appointee, reportedly pressured the Bureau of Engraving and Printing to expedite the bill's design. The agency reassigned former BEP chief Patricia Solimene after she resisted, placing Michael Brown in charge on May 18.
  • Expanding his personal brand, the administration previously streamlined approval for a commemorative 250th anniversary coin featuring Trump, while hanging banners depicting the president on federal buildings including the Department of Justice.
  • Design specifications reportedly include Trump's signature, a feature differing from standard paper money. "We've created the bill," Bessent said, noting the department must be prepared should Congress authorize the mandate.
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US President Donald Trump had a special purpose: to perpetuate himself in an unusual way, but the plan didn't work out.

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Time Magazine broke the news in New York, United States on Friday, May 29, 2026.
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