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

How "naked ballots" could upend mail-in voting in Pennsylvania

Trump signs in Olyphant, Penn. Photo: Eric Baradat/AFP via Getty Images

Pennsylvania's Supreme Court ordered state officials last week to throw out mail-in ballots submitted without a required inner "secrecy" envelope in November's election, the Philadelphia Inquirer reports.

The state of play: The decision went under the radar alongside the simultaneous decision to extend the time that mail-in ballots could be counted, but Philadelphia's top elections official warned state legislators this week that throwing out so-called "naked ballots" could bring "electoral chaos" to the state and cause "tens of thousands of votes" to be thrown out — potentially tipping the presidential election.

Commission releases topics for first presidential debate

Moderator Chris Wallace. Photo: Drew Angerer/Getty Images

Fox News anchor Chris Wallace has selected what topics he'll cover while moderating the first presidential debate between President Trump and former Vice President Joe Biden next week.

What to watch: Topics for the Sept. 29 debate will include Trump and Biden's records, the Supreme Court, COVID-19, economic policy, racism and the integrity of the election, the Commission for Presidential Debates announced on Tuesday. Each topic will receive 15 minutes of conversation and will be presented in no particular order.

Fed chair warns economy will feel the weight of expired stimulus

Treasury Secretary Steven Mnuchin and Fed Chair Jay Powell bump elbows before House hearing on Tuesday. Photo: Joshua Roberts/Pool/AFP via Getty Images

Federal Reserve Chairman Jerome Powell told the House Financial Services Committee on Tuesday that the expiration of Congress' coronavirus stimulus will weigh on the U.S. economy.

Why it matters: Powell warned that the effects of dried-up benefits are a looming risk to the economy, even if the consequences aren't yet visible.

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