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.

Share:
More In Politics
Why Jeff Bezos' Plan to Fight Climate Change Could Backfire
Amazon founder Jeffrey Bezos took to the stage at the U.N.'s COP26 Climate Summit to unveil a new plan to combat climate change, but some say it might do more harm than good. Justine Calma, Science Reporter at The Verge, joined Cheddar to discuss.
Pfizer Ask FDA To Authorize Boosters For All Adults
Pfizer has asked the FDA to expand authorization of COVID booster shots for all adults. The agency is expected to grant the request in the coming weeks, allowing vaccinated Americans as young as 18 to get boosted before the holidays. Dr. Bayo Curry-Winchell, Regional Clinical Director at Carbon Health, joined Cheddar to discuss.
DOJ Sues To Stop Penguin Random House From Acquiring Simon & Schuster
The Justice Department has filed a lawsuit to block Penguin Random House from acquiring its rival Simon & Schuster. The DOJ hopes this will block the merger, which it says would ultimately hurt authors and consumers nationwide. Barry C. Lynn, executive director of the Open Markets Institute, joined Cheddar to explain what the lawsuit signals about the Biden administration's approach to cracking down on antitrust, and why Amazon might be next.
Stocks Pull Back From Previous Day's Record Closes
The major markets took a breather Tuesday, with the Dow, S&P, Nasdaq, and Russell 2000 all finishing lower after notching record closes on Monday. Rhys Williams, Chief Strategist at Spouting Rock Asset Management, joins Cheddar News' Closing Bell, where he provides his biggest takeaways from the day's activity.
Election Day 2021 Takeaways
Election Day 2021 is in the books, and it wasn't a pretty picture for Democrats. Governor Phil Murphy narrowly won re-election in New Jersey and Republican Glenn Youngkin upset Democrat Terry McAuliffe in Virginia, with many other disappointing losses for the left. Meridith McGraw, national correspondent for Politico, breaks down the key takeaways from this year as the nation looks ahead to the 2022 midterms.
Load More