politics
Treasury Prepares Trump Portrait for New $250 Bill Awaiting Congressional Legislation
The Treasury Department is preparing designs for a new $250 bill that would show a living individual. The plan requires congressional legislation to change existing rules.
May 28, 6:09 PM·1m read2 sources
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The Treasury Department has begun internal preparations to place Donald Trump on a new $250 bill, according to The New York Times. A Treasury spokesperson said the department is moving forward with design work while awaiting the required statutory change.
Current law restricts portraits on paper currency to deceased individuals. The proposed $250 denomination would mark the first exception if the legislation passes. Scott Bessent said that Trump won't be on a new $250 bill unless the House and Senate approve legislation.
Officials have not released a timeline for when the bill could enter circulation.
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