White House pushes Congress to approve $250 Trump bill | Donald Trump

The White House is pushing Congress to approve a $250 bill bearing the likeness of Donald Trump, U.S. Treasury Secretary Scott Bessent said, which would require changing the longstanding federal law that prohibits any living person from appearing on U.S. currency.

Speaking from the White House at a news conference, Bessent said the bill would celebrate the 250th anniversary of the country’s independence and that the Treasury has already begun preparing for the possibility of a new currency.

“As Treasury Secretary, I currently have two mandates regarding U.S. currency: No living person can use U.S. currency, and the currency must say ‘In God We Trust,'” Bessent said. “So right now there is a bill before the House, before the Senate, to change the first requirement, so that a living person – Donald J. Trump – could be on the $250 bill.”

The Washington Post reported that two of Trump’s political appointees at the Treasury had pushed staff to begin preparing prototypes of a $250 bill bearing Trump’s image, sparking concerns that doing so would be a violation of federal law.

But Bessent said Treasury would “follow the law” and “it’s all up to the Capitol.”

The artist responsible for the prototypes is a Briton named Iain Alexander, who has described himself online as a royal portrait painter, sculptor and former Olympic team swimmer, according to the Post.

Bessent defended the new currency when a reporter asked him if it was a good idea to put Trump’s face on a $250 bill when many Americans are struggling to afford everyday necessities. Bessent said there was nothing “untoward” about the leader who was president during the 250th anniversary being on a bill.

The bill would require a simple majority in the Republican-controlled House of Representatives, but is unlikely to garner the 60 votes needed in the Senate, where Republicans hold 53 seats.

Hakeem Jeffries, the top Democrat in the U.S. House of Representatives, immediately derided the proposal, writing on X that it was a “resounding no to a $250 bill from Trump.”

“Get over it,” Jeffries wrote. “The upcoming Fourth of July anniversary isn’t about a wannabe king. It’s about celebrating the American journey.”

Congress voted in 1866 to ban the image of any living person on bank notes, bonds or securities, according to the Bureau of Engraving and Printing website, shortly after the nation’s superintendent of currency, embroiled in a sex scandal, appeared on the five-cent bill.

In response to questions about the U.S.-Israeli war in Iran, Bessent said he predicted gas and oil prices would “go down very quickly” after the conflict ended.

He also said he believes new Federal Reserve Chairman Kevin Warsh will “do the right thing” to balance inflation and growth, based on their first meeting Thursday morning.

“We now have a wartime Fed,” he said. “It’s a new day at the Fed.”

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