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Bessent Readies Trump $250 Bill as One Big Hurdle Stands Between Treasury and Making It Reality

Treasury officials are preparing the note in case Congress changes the law, while Democrats say the plan is self-aggrandizing and unlikely to pass.

  • On Thursday, Treasury Secretary Scott Bessent officially confirmed the Treasury Department is preparing a new $250 banknote featuring President Donald Trump to commemorate the 250th anniversary.
  • Artist Alexander is designing the note for Independence Day's 250th anniversary, proposing a "women's liberation" theme featuring Betsy Ross that the president reportedly approved.
  • Mocking the proposed bill, House Minority Leader Hakeem Jeffries told officials to "Get over yourself," while federal law prohibits portraits of living people on U.S. currency without congressional approval.
  • Senate Democrats can block the legislation via filibuster, and Schumer criticized the bill's focus amid rising inflation, contrasting the administration's priorities with Americans' financial struggles.
  • By Jan 20, 2029, Americans may struggle to afford basic needs, according to State Hillary Clinton, while recent data shows about 34% are unable to meet monthly debt payments.
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Benzinga broke the news in New York, United States on Friday, May 29, 2026.
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