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The Trump administration is preparing plans for a possible new $250 bill that could feature President Donald Trump’s portrait if Congress approves a proposed law change. Current US law does not allow living people to appear on American currency, but Republican lawmakers say the note would honor the nation’s 250th anniversary celebrations. The Treasury Department confirmed it is reviewing the proposal and preparing possible designs. Critics argue the move focuses more on politics and personal branding than economic concerns facing Americans. If approved, the $250 bill would become one of the highest-value notes ever produced in modern US currency history.

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00:00Well, again, as Treasury Secretary, I have two mandates for U.S. currency.
00:06At present, no living person can be on U.S. currency, and the currency must stay in God we trust.
00:13So right now, there is proposed legislation in front of the House, in front of the Senate,
00:19to change the first requirement so that a living person, Donald J. Trump, could be on a $250 bill.
00:26So it's all in the hands of the, it's all up on Capitol Hill.
00:34At Treasury, we prepare things in advance, so we have prepared in advance that if the legislation is passed,
00:42but we will stick to the law.
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