White House advocates for $250 bill featuring Donald Trump's portrait

The White House is advocating for Congress to approve a $250 bill that would feature the portrait of Donald Trump, according to Treasury Secretary Scott Bessent. This proposal aims to commemorate the 250th anniversary of the United States' independence. However, it would require amending existing federal law, which currently prohibits the depiction of any living person on U.S. currency. Bessent mentioned that the Treasury has begun preparations for the potential introduction of this new currency during a news conference at the White House.