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Wednesday, June 3, 2026
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Bonnie Cash / UPI /
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The Treasury is already designing Trump's $250 bill. Congress isn't sold
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<div>
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.
</div>
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<br/>
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Now the administration is setting its sights on the next phase of its face-lift: America's money.
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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.
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In late March, the Treasury Department announced that Trump's signature would appear on paper currency, the first time for a sitting president. The endeavor aligns with the pending 250th anniversary of America's founding starting in July.
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The $2 Trillion Asset Class You're Missing
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While retail investors chase volatile tech stocks, institutions like BlackRock and KKR are quietly allocating billions to private credit—a market that's grown 19x since 2006 and now approaches $2 trillion globally.
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Why? Private credit offers what traditional
portfolios increasingly lack: consistent yield potential (Percent's marketplace delivered 14.9% average net returns in 2024), lower correlation to public markets, and shorter investment horizons averaging just 9 months.
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With Percent, accredited investors can now access the same institutional-quality deals that were once exclusive to the ultra-wealthy. Start with as little as $500 and get up to $500 on your first investment. Invest like the smart money.
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Access Institutional-Grade Private Credit
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Today's Poll
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Should Trump's face go on the $250 bill?
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It's a fitting America250 tribute
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Living presidents don't belong on cash
</a>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10809227/222404108/9907409/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0wMw&x=d9430c13"
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<table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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<a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: 1px solid
#105C8E; display: block; " target="_blank">
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<table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
<tbody>
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<td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
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<a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">
Only if Congress changes the law first
</a>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10809227/222404108/9907410/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0wMw&x=023414e5"
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</tbody>
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<td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<td class="editor-cell-text td100" colspan="6" style="padding:10px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
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<span style="font-family:Arial;font-size:24px">
Here's what you need to know
</span>
</h1>
</td>
</tr>
<tr>
<td class="snippet td100" colspan="6" style="width:100%;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<table border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed" width="100%">
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<a aria-label="Linked image" style="color:#105C8E" target="_blank">
<img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2254292902.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODA0ODEyNzUuNzQ0NzE1fQ:1wUiVv:cFoDWfpqC63cz4PRoA2Azjs2uws_kGugpX9NuQi91kU" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
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<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="Google is raising $80 billion to bankroll its AI buildout." data-linktype="Normal" style="color:#105C8E" target="_blank">
Google is raising $80 billion to bankroll its AI buildout.
</a>
</strong>
<span style="line-height:1.4;color:#000000">
Parent company Alphabet says demand for its AI products from businesses and consumers has grown faster than what it can
currently deliver. Berkshire Hathaway is contributing $10 billion of the total through a private placement.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<a aria-label="Joe Raedle / Getty
Images" style="color:#105C8E" target="_blank" title="Joe Raedle / Getty Images">
<img alt="Joe Raedle / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Fjobs%2520fair.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODA0ODEyNzUuNzQ0ODQwNH0:1wUiVv:0VhWaTzOgAk3DHdzjzgvvgQzPWENVEA3glb1OJpQQu4" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color:#105C8E;line-height:1.4">
<a data-linktext="U.S. job openings surged to a nearly two-year high in April but hiring fell." data-linktype="Normal" style="color:#105C8E" target="_blank">
U.S. job openings surged to a nearly two-year high in April but hiring fell.
</a>
</strong>
<span style="line-height: 1.4">
Positions rose to 7.6 million, beating forecasts, but hiring dropped by 419,000 from March. The data show a labor market that is stable but frozen, which may keep the Federal Reserve on hold when it meets later this month.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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style="mso-hide:all;border:0;"><![endif]-->
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<a aria-label="Future Publishing / Getty Images" style="color:#105C8E" target="_blank" title="Future Publishing / Getty Images">
<img alt="Future Publishing / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2217667256.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODA0ODEyNzUuNzQ0OTc5fQ:1wUiVv:O8LYWgWMWh1HXLR_OrX_90c6mmvSFgMyp6-WtqGQc4A" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="line-height:1.4;color:#105C8E">
<a data-linktext="Amazon Ring sued over facial recognition feature that stored faces without consent." data-linktype="Normal" style="color:#105C8E" target="_blank">
Amazon Ring sued over facial recognition feature that stored faces without consent.
</a>
</strong>
<strong style="line-height: 1.4">
</strong>
<span style="line-height: 1.4">
A Virginia man is suing
Amazon for at least $5 million, adding to a series of privacy scandals that have dogged Ring since Amazon bought the company in 2018.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:33.3333%;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Ethan Swope / Bloomberg via Getty Images" style="color:#105C8E" target="_blank" title="Ethan Swope / Bloomberg via Getty Images">
<img alt="Ethan Swope / Bloomberg via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2270727188-1400x934.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODA0ODEyNzUuNzQ1MDk4Nn0:1wUiVv:nkHKdfV-D8brqKYfAalkUTSXf4BRIZkxAoNUsxTsiF0" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color:#105C8E;line-height:1.4">
<a data-linktext="Morningstar says SpaceX is overvalued
before its IPO." data-linktype="Normal" style="color:#105C8E" target="_blank">
Morningstar says SpaceX is overvalued before its IPO.
</a>
</strong>
<span style="line-height: 1.4">
The research firm puts SpaceX's value at $780 billion, roughly half what the company is targeting for its public listing. Investors are advised to wait, as selling pressure is likely once early shareholders can offload their stakes.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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</tr>
<tr class="trpad10" style="background-color:#EFEFEF">
<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:33.3333%;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Spencer Platt / Getty Images" style="color:#105C8E" target="_blank" title="Spencer Platt / Getty Images">
<img alt="Spencer Platt / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2247843269.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODA0ODEyNzUuNzQ1MjA4M30:1wUiVv:mPyyWQHQa9Fh-7r0zUzHpnqmDeg0Ncbs8DM4U0Ladyc" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color:#105C8E;line-height:1.4">
<a data-linktext="U.S. manufacturing hits a four-year high in May 2026." data-linktype="Normal" style="color:#105C8E" target="_blank">
U.S. manufacturing hits a four-year high in May 2026.
</a>
</strong>
<span style="line-height: 1.4">
The ISM PMI reached 54%, its strongest reading since 2022, with all six major industries expanding. The ongoing Iran war is driving costs sharply higher, and 69% of
manufacturers reported a predominantly negative outlook.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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</tr>
</tbody>
</table>
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<tr>
<td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<td class="editor-cell-text td100" colspan="6" style="padding:10px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Subscribe To Adam Wagner's Newsletter" data-linktype="Normal" style="color:#105C8E" target="_blank">
Subscribe To Adam Wagner's Newsletter
</a>
</strong>
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Sign up with Acorns, and get a $20 bonus
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<a data-linktext="Expert language tutoring from Rosetta Stone" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
Expert language tutoring from Rosetta Stone
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<a data-linktext="Free AI photo enhancer from PicWish" data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
Free AI photo enhancer from PicWish
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Find your new favorite wine with Wine Express
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President Donald Trump signed an executive order Tuesday asking artificial intelligence companies to give
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Under the framework, AI developers that choose to participate would make their most powerful models available to federal agencies for cybersecurity evaluation — giving the government a window of as long as 30 days before those models reach outside organizations.
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Whether a given model rises to the level of a "covered frontier model" — the threshold that activates the early-access request — would be determined through a classified benchmarking assessment of its advanced cyber capabilities. Language in the order prohibits any reading of it as authorizing the government to impose licensing, preclearance, or permitting rules on the development or release of AI models.
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Trump signed the order in private. Google, Anthropic,
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