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Photo: Ann Ronan Pictures/Print Collector/Getty Images

Treasury Secretary Steven Mnuchin said at a House Financial Services Committee hearing on Wednesday that the addition of Harriet Tubman to the $20 bill has been delayed until 2028, CNBC reports.

Backdrop: In 2016, President Obama's former Treasury Secretary Jack Lew announced a new initiative to feature Tubman on the front side of the bill and President Andrew Jackson on the back. The bill would be released in 2020 to commemorate the 100th anniversary since the 19th Amendment, which gave women the right to vote, per the New York Times.

Mnuchin told the House Financial Services Committee that the administration is more focused on redesigning the currency to tackle counterfeiting issues, per CNBC. President Trump has previously said that the Obama-led initiative to put Tubman on the $20 bill is "pure political correctness," and suggested putting her on the $2 bill instead, per ABC.

Go deeper

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: Nursing homes are still getting pummeledU.S. could hit herd immunity by end of summer 2021 if Americans embrace virus vaccines, Fauci says.
  2. Politics: Pelosi, Schumer call on McConnell to adopt bipartisan $900B stimulus framework.
  3. World: U.K. clears Pfizer-BioNTech vaccine for mass rollout — Putin says Russia will begin large-scale vaccination next week.
  4. Business: Investors are finally starting to take their money out of safe-haven Treasuries.
  5. Sports: The end of COVID’s grip on sports may be in sight.

Pelosi, Schumer call on McConnell to adopt bipartisan $900B stimulus framework

House Speaker Nancy Pelosi on Nov. 20. Photo: Drew Angerer/Getty Images

House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday urged Senate Majority Leader Mitch McConnell (R-Ky.) to use a $908 billion bipartisan coronavirus relief framework as a basis for jumpstarting negotiations.

Why it matters: The framework, introduced by a group of bipartisan senators on Tuesday, calls for significantly less funding than Pelosi had previously demanded — a sign that Democrats are ready to further compromise as millions of Americans endure economic hardship.

Scoop: Uber in talks to sell air taxi business to Joby

Illustration: Sarah Grillo/Axios

Uber is in advanced talks to sell its Uber Elevate unit to Joby Aviation, Axios has learned from multiple sources. A deal could be announced later this month.

Between the lines: Uber Elevate was formed to develop a network of self-driving air taxis, but to date has been most notable for its annual conference devoted to the nascent industry.