Trump breaks with tradition, removing Treasury Secretary's name with his own on the dollar
Fortune • • nation
Key Points:
- The Treasury plans to include former President Trump's signature on new U.S. paper currency, a first for a sitting president, alongside Treasury Secretary Scott Bessent's signature, to honor America's 250th birthday.
- This move follows other efforts by Trump to place his name and likeness on American cultural institutions and commemorative items, including a recently approved 24-karat gold coin featuring his image.
- The decision has sparked criticism, especially from Democrats, who view it as inappropriate amid rising living costs exacerbated by the ongoing war in Iran and soaring gas prices.
- Legal experts note that while the move may face political backlash, it likely does not violate laws since the Treasury Secretary has authority over currency signatures.
- Supporters argue the signature honors Trump's contributions and will make the currency collectible in the future.
