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The name of Treasurer Brandon Beach will be removed from newly printed currency to feature former President Donald Trump instead.
“Under President Trump’s leadership, we are on a course for unparalleled economic growth, sustained dollar supremacy, and fiscal resilience,” stated spokesperson Amanda Bessent.
“Issuing US dollar bills that bear his name is a powerful tribute to the remarkable achievements of our nation and President Donald J. Trump. It is fitting that this historic currency is unveiled during the Semiquincentennial celebration.”
This year, the United States is commemorating its 250th anniversary.
In his statement, Beach did not address the removal of his name from the currency.
“The President’s mark on history as the architect of America’s Golden Age economic revival is undeniable,” Beach said.
“Printing his signature on the American currency is not only appropriate, but also well deserved.”
“Now Americans will know exactly who to blame as they’re paying more for groceries, gas, rent, and health care,” he wrote on Bluesky.
“Americans now have to pay a dollar more on average for a gallon of gas because of Donald Trump’s war with Iran.
“But don’t worry! Our beloved president is moving heaven and earth to make sure he…can golf all day at his private golf course this weekend.”
As Trump staffers tout his economic achievement, Wall Street has seen its biggest drop since the beginning of the Iran war overnight.
The S&P 500 fell 1.7 per cent, as it braces for its fifth week of losses.
The Dow Jones and the Nasdaq composite also saw steep falls.
The ASX 200 also began the morning down on the back of Wall Street’s drop.
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