Scott Bessent, US treasury secretary, displays an article on the proposed $250 banknote featuring an image of US President Donald Trump during a news conference in the White House on Thursday, May 28, 2026. (Bonnie Cash/UPI/Bloomberg via Getty Images).
President Donald Trump has devoted a lot of time and energy renovating Washington D.C. First he proceeded to demolish the East Wing of the White House to make way for a $400 million ballroom. The World War II memorial might be next in line for renovation, and plans are in motion for a triumphal 250-foot arch.
The president acknowledged enthusiasm for the city's makeover at a cabinet meeting on Wednesday. “I love construction. It's very exciting," Trump said, adding that "D.C. is looking beautiful."
Now the administration is setting its sights on the next phase of its face-lift: America's money.
Treasury Secretary Scott Bessent on Thursday said that political appointees at the Treasury Department had asked employees at the Bureau of Engraving and Printing to start preparing designs for a new $250 banknote with Trump's face on it. It was first reported by the Washington Post.
