Treasury Department watchdog investigating Harriet Tubman $20 bill delay
As part of an audit, the Treasury Department's Office of the Inspector General will investigate the delayed release of a redesigned $20 bill featuring abolitionist Harriet Tubman.
Senate Minority Leader Chuck Schumer (D-N.Y.) asked the Treasury's internal watchdog to look into the matter and examine whether there was "any involvement by the White House." In a statement released Monday, Schumer said there are "no women, there are no people of color on our paper currency today, even though they make up a significant majority of our population. ... The $20 note was a long overdue way to recognize that disparity, and rectify it."
During the Obama administration, former Treasury Secretary Jacob Lew announced the redesign, scheduled for release in 2020. In May, Treasury Secretary Steven Mnuchin said the Tubman $20 was being pushed aside, as the $10 and $50 bills needed to be redesigned first due to counterfeit concerns. The audit, which should take about 10 months to complete, will also look at security measures in place for currency.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published
-
Immigration helped the US economy outpace peers
speed read The U.S. economy grew at an annualized rate of 3.2% last quarter
By Peter Weber, The Week US Published
-
4-day workweek gets boost from UK study
Speed Read Following a six-month trial, the majority of participating British companies are still using the truncated schedule
By Peter Weber, The Week US Published
-
US sues to block Kroger-Albertsons merger
Speed Read The Federal Trade Commission sued to block the $24.6 billion merger between the grocery giants
By Peter Weber, The Week US Published