Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
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."