Dec 1, 2022 - Economy & Business

Why Treasury Secretary has been practicing her signature

Photo: Scott Kowalchyk/CBS

After a delay, Treasury Secretary Janet Yellen's signature will very soon appear on the U.S. dollar.

Driving the news: During an appearance on "The Late Show with Stephen Colbert" on Wednesday night, Yellen said next week she plans to visit a plant where the first sheets of currency bearing her name have been printed — following plenty of time practicing her signature.

Catch up quick: Arguably one of the coolest parts of serving as the treasury secretary is your signature on all U.S. banknotes. But Yellen's hasn't appeared yet, for a bureaucratic reason.

  • New money can't be issued until the country has a treasurer, whose name also appears on the dollar. The appointment of the current treasurer, Marilynn "Lynn" Malerba, didn't happen until June. She was officially sworn in this fall.

The intrigue: Yellen said her predecessors made at least one mistake she won't repeat: Signatures of former Treasury Secretaries Jack Lew and Timothy Geithner were so illegible that they became a punchline.

  • What they're saying: "I knew that this was something that you could screw up, and I wanted to get it right. I practiced and I practiced," Yellen told Colbert.
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