In this Feb. 7, 2012 file photo, a wax likeness of the renowned abolitionist and conductor of the Underground Railroad Harriet Ross Tubman is unveiled at the Presidents Gallery by Madame Tussauds in Washington. With a change of administrations, it looks like Harriet Tubman is once again headed to the front of the $20 bill. Biden press secretary Jen Psaki said Monday that the Treasury Department is taking steps to resume efforts to put the 19th century abolitionist leader on the $20 bill. Obama administration Treasury Secretary Jack Lew had selected Tubman to replace Andrew Jackson, the nation’s seventh president, on the $20 bill. (AP Photo/Manuel Balce Ceneta)
By Martin Crutsinger
With a change of administrations, it looks like Harriet Tubman is once again headed to the front of the $20 bill.
Biden press secretary Jen Psaki said Monday that the Treasury Department is taking steps to resume efforts to put the 19th century abolitionist leader on the $20 bill.
Obama administration Treasury Secretary Jack Lew had selected Tubman to replace Andrew Jackson, the nation's seventh president, on the $20 bill.
But Tubman's fate had been in doubt since the 2016 presidential campaign based on critical comments by then-candidate Donald Trump, who branded the move “pure political correctness.”
Trump administration Treasury Secretary Steven Mnuchin did not move forward with the decision by the Obama administration. Instead, Mnuchin in 2019 announced a delay in redesigning the $20 bill in order to redesign the $10 and $50 bills first to improve security features to thwart counterfeiters.
The unveiling of the redesigned $20 bill featuring Tubman, famous for her efforts spiriting slaves to freedom on the Underground Railroad, had been timed by the Obama administration to coincide with the 100th anniversary of passage of the 19th Amendment giving women the right to vote.
Under the schedule Mnuchin announced in May 2019, the redesigned $20 bill would not have come out until 2028 with final designs for the bill not announced until 2026.
But Psaki told reporters during a briefing Monday that she and other officials were surprised to hear of the delays in putting Tubman on the $20 bill. With a change in administrations, she said the Treasury Department was taking steps to resume efforts to put Tubman on the $20 bill.
“It is important that our .... money reflect the history and diversity of our country and Harriet Tubman's image gracing the new $20 note would certainly reflect that,” Psaki said. “We are exploring ways to speed up that effort.”
Psaki said specifics on a new timeline for introducing a redesigned $20 with Tubman would be announced when finalized by the Treasury Department. Biden has selected Janet Yellen to be his Treasury secretary, the first woman to hold that position in the department's 232 years.
Markets were pointing to a higher open to kick off the third trading week in November. It comes as stocks come off a losing week in reaction to October's consumer price index--which showed inflation at its highest point in over 30 years.
Ryan Detrick, Chief Market Strategist for LPL Financial joined Wake Up with Cheddar to discuss.
Harvard Business School Professor Ranjay Gulati joined Wake Up With Cheddar to break down the massive challenge the Biden Administration faces in ensuring projects in the $1.2 trillion infrastructure bill are completed on time and on budget.
Jill is joined by Baker Machado to talk all things infrastructure: where will the money go and who’s in charge? Plus, Sesame Street has its first Asian-American muppet. And a trailer for the trailer for Spiderman. Huh?
In this week's Cheddar Changemakers, Megan Pratz spoke with a 16-year-old climate activist Sarah Goody. She is the founder of a youth-led climate action group 'Climate NOW.'
We toss around the term "democracy is under attack" quite often without thinking too much, but one organization is actually stepping up to do something about it. The Fairness Project is a group that funds and organizes state ballot measures across the country. It has used ballot initiatives on campaigns aimed at expanding Medicaid, adding more paid time off, and raising minimum wage. It recently launched a new direct democracy campaign to fight back against attempts to make ballot measures inaccessible.
Kelly Hall, executive director of The Fairness Project, joined Cheddar Politics to discuss more about the group's efforts to push for economic and social justice, avoiding partisan gridlock.
Doug Flynn, Certified Financial Planner and Co-Founder of Flynn Zito Capital Management, joins Cheddar News' Closing Bell, where he says he believes the news of the infrastructure bill was already priced into the market and that inflation continues to loom large on Wall Street.
President Joe Biden signed into law today his landmark $1.2 trillion infrastructure bill, and it includes approximately $550 billion in new funding for increased broadband access, improving the power grid, and more. But what does this mean for the American economy, and American workers? Eliza Collins, Politics Reporter at The Wall Street Journal joins Cheddar News' Closing Bell to discuss what's included in the bill, which former mayor has been tapped to oversee how the bill is implemented, and how these new infrastructure investments will impact the economy.
The two-week COP26 climate conference has now ended with leaders reaching a deal, but so far the deal is getting mixed reviews from climate experts across the globe. Chloe Demrovsky, president and CEO of Disaster Recovery Institute International, explains that while the agreement is a step forward in some ways, the world still has much more to work on in order to keep warming to below 2 degrees Celsius.
Jill and Carlo cover the latest with the infrastructure bill, the growing state rebellion over boosters, Trump's dereliction of duty on the pandemic, Taylor Swift's reign of cultural domination and more.
