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Treasury Secretary Steven Mncuhin. Photo: Mark Wilson/Getty Images

Responding to a request from Senate Minority Leader Chuck Schumer (D-N.Y.), the Treasury Department's acting inspector general will investigate the department's "decision to delay redesign of the $20 note featuring the portrait of Harriet Tubman, including any involvement by the White House."

Context: The Obama administration had planned for a redesigned bill featuring Tubman on the front side and President Andrew Jackson on the back to be released in 2020 to commemorate the 100th anniversary of the 19th Amendment, which gave women the right to vote. Treasury Secretary Steven Mnuchin told a House Financial Services Committee hearing in May that the redesign had been delayed until 2028 because the administration was more focused on redesigning the currency to tackle counterfeiting issues.

A Treasury Department spokesperson told Axios:

"The timeline for issuing new notes is not a political process, and the timeline for issuing a new $20 note remains consistent with the prior Administration’s. As the Department and Bureau of Engraving and Printing have consistently stated, the only consideration with regard to the redesign schedule of our Nation’s currency has been security and potential counterfeiting threats."

Go deeper

Dave Lawler, author of World
2 hours ago - World

Venezuela's predictable elections herald an uncertain future

The watchful eyes of Hugo Chávez on an election poster in Caracas. Photo: Cristian Hernandez/AFP via Getty

Venezuelans will go to the polls on Sunday, Nicolás Maduro will complete his takeover of the last opposition-held body, and much of the world will refuse to recognize the results.

The big picture: The U.S. and dozens of other countries have backed an opposition boycott of the National Assembly elections on the grounds that — given Maduro's tactics (like tying jobs and welfare benefits to voting), track record, and control of the National Electoral Council — they will be neither free nor fair.

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden told CNN on Thursday that he plans to ask the American public to wear face masks for the first 100 days of his presidency.

The big picture: Biden also stated he has asked NIAID director Anthony Fauci to stay on in his current role, serve as a chief medical adviser and be part of his COVID-19 response team when he takes office early next year.