Donald Trump to put his name on all US paper money
Donald Trump's signature will be added to all US banknotes in a first for a sitting president.
Historically, the only signatures to appear on American money are the Treasury Secretary and the Treasurer.
But Treasurer Brandon Beach's name will be taken off the cash to make room for Trump.
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Donald Trump speaking about his favourite pen at a cabinet meeting today. AP
The announcement was made in a statement by Treasury Secretary Scott Bessent.
"Under President Trump's leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability," Bessent said.
"There is no more powerful way to recognise the historic achievements of our great country and President Donald J Trump than US dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial."
The United States is marking its 250th anniversary this year.
Beach will become the first treasurer of the United States since 1861 to not have their name on American paper money.
But in a statement, Beach did not mention his own name getting bumped.
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US cash will now bear Donald Trump's name. Adobe Stock
"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."
The decision has been panned by California Governor Gavin Newsom.
"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."
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Historically all US paper money bears the signature of the Secretary of the Treasury and the Treasurer. Adobe Stock
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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