{"id":918700,"date":"2026-07-09T23:17:32","date_gmt":"2026-07-10T04:17:32","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/09\/breitbart-business-digest-stacking-those-250-trump-bills\/"},"modified":"2026-07-09T23:17:32","modified_gmt":"2026-07-10T04:17:32","slug":"breitbart-business-digest-stacking-those-250-trump-bills","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/09\/breitbart-business-digest-stacking-those-250-trump-bills\/","title":{"rendered":"Breitbart Business Digest: Stacking Those $250 Trump Bills"},"content":{"rendered":"
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Weekly Wrap: Making It Rain with Trump Bills<\/strong><\/p>\n

Welcome back to Friday! This is the Breitbart Business Digest weekly wrap<\/strong>, our\u00a0septidialogic sweep through the economic and financial news.<\/p>\n

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This week the economy failed to get indigestion from the high price of gas, Treasury Secretary Scott Bessent told us about getting fed at the Fed, Trump put something new in the app stores, and everyone started dreaming about putting a couple of Donalds in their wallet.<\/p>\n

It\u2019s All About The Donalds, Baby<\/h2>\n

Treasury Secretary Scott Bessent on Thursday confirmed media reports that the Treasury Department is working on plans for a $250 bill<\/strong> that would bear the likeness of President Donald Trump. U.S. Treasurer Brandon Beach, whose office in the Treasury building looks out on the White House, has ordered prototypes to be constructed.<\/p>\n

The initial report from the\u00a0Washington Post<\/em> splashed over progressive Americans like water on the Wicked Witch of the West<\/strong>. Imagine how glorious it would be to pay for a latte in a hipster coffee shop in Brooklyn or Cambridge or Berkeley with a Trump greenback.<\/p>\n

We regret to inform you that this possibility is not imminent. Secretary Bessent also confirmed that it would take a change of law to allow a living president\u2019s visage to appear on the currency. There is a bill, introduced last year by\u00a0Rep. Joe Wilson (R-SC), that would not only allow but require Secretary Scott Bessent to print $250 notes featuring Trump\u2019s portrait. But Democrats would probably filibuster such a bill\u00a0until the end of time<\/strong>,\u00a0even if the unreliable Republican leadership on Capitol Hill permitted it to make it to the floor of the Senate.<\/p>\n

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There was a Calvin Coolidge coin minted for the 150th anniversary. There are already plans for a memorial coin with Trump\u2019s likeness for the nation\u2019s 250th birthday. If the Treasury did print the $250 bill, carrying one around would likely become fashionable among MAGA Americans<\/strong>. And since the Democrats would likely seek to kill the bill as soon as possible, they would likely become limited edition collector\u2019s items. A few years from now, you might be able to trade your Trump $250 bill for three, four, or five Benjamins.<\/p>\n

Bessent Breakfasts with Warsh<\/h2>\n

Speaking of Bessent, which we just realized we\u2019re going to do a lot of in this week\u2019s wrap, he had breakfast on Friday with the newly minted Fed chairman<\/strong>, Kevin Warsh. \u201cAs President Reagan would say, it\u2019s a new day at the Fed,\u201d Bessent told Larry Kudlow at an event at the Reagan Presidential Library.<\/p>\n

Bessent explained that the Treasury Secretary and the Fed chair have lunch or breakfast every week<\/strong>, and that the location of this shared meal rotates between the Fed\u2019s headquarters and the Treasury\u2019s building. An \u201caway game\u201d and a \u201chome game,\u201d Bessent called these meetings.<\/p>\n

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U.S. Treasury Secretary (right) speaks with Fox Business host Larry Kudlow during the 2026 Reagan National Economic Forum at the Ronald Reagan Presidential Library in Simi Valley, California, on May 29, 2026. (Caroline Brehman\/Bloomberg via Getty Images)<\/p>\n<\/div>\n

\u201cI did the away game at the Fed. The food is much better at the Fed,\u201d Bessent admitted. \u201cAnd that\u2019s because they don\u2019t have a budget. They print their own money.\u201d<\/p>\n

Bessent also mentioned that he likes Warsh\u2019s plan to get rid of forward guidance<\/strong> from the Fed. We assume this will not apply to the weekly menu.<\/p>\n

There\u2019s an App for That<\/h2>\n

So you can now go onto the app store of your preference and download the official Trump Accounts app<\/strong>, a key next step in the launch of the administration\u2019s new investing accounts for children.<\/p>\n

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The accounts themselves do not debut until July 4, but you can sign up for them now. They\u2019re tax-deferred savings vehicles, something like a traditional IRA for youngsters. If you had a kid last year or have one during the remaining years of the Trump administration, the government will seed it with $1,000<\/strong>. Parents can contribute up to $5000 per year for each child\u2019s accounts, and some big employers have already announced they\u2019ll match these contributions. There are also new charities springing up to make contributions, particularly for children of lower-income families.<\/p>\n

In his talk with Kudlow, Bessent said that one of the big benefits of the Trump accounts would be to encourage financial literacy<\/strong>. Kids with money in the stock market\u2014most of the accounts will be invested in broad, low-cost S&P 500 style funds\u2014have a big incentive to understand the importance to our economy of profits, asset appreciation, and business innovation.<\/p>\n

Sadly, Kudlow did not ask if the app could be updated to let children know how many Trump bills their account could currently buy.<\/p>\n

America Awakes<\/h2>\n

It wasn\u2019t all free food and apps at the Reagan library on Friday.\u00a0Secretary Bessent\u2019s keynote speech, titled \u201cWhile America Slept,\u201d<\/strong> combined intellectual weight and human warmth beyond anything we\u2019ve heard in living memory from a U.S. economic official.<\/p>\n

It\u2019s worth reading the\u00a0entire speech,<\/a>\u00a0but we know you are busy,\u00a0so we read it for you<\/a>.<\/span><\/p>\n

Spoiler alert! Here\u2019s how it ends.<\/p>\n

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America has awakened.<\/em><\/p>\n

We are alert to the fact that a resilient economy is the foundation of a strong republic.<\/em><\/p>\n

That we can measure the health of our economy not merely by what it produces, but by whom it lifts.<\/em><\/p>\n

That secure supply chains matter as much as stock indices. That productive capacity is power.<\/em><\/p>\n

That trade policy, industrial policy, and national security policy must all fit together, or they will each fail separately.
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That last line is an allusion to a warning typically attributed to Benjamin Franklin at the signing of the Declaration of Independence. \u201cWe must all hang together,\u201d<\/strong> the man whose face adorns our $100 bills said, \u201cOr surely we will all hang separately.\u201d<\/p>\n

The Economy Ain\u2019t Running on Fumes<\/h2>\n

The economy is holding up against $100 a barrel oil and high gasoline prices.<\/p>\n

The Chicago Fed National Activity index turned positive this week, as did the Dallas Fed\u2019s manufacturing index. The Richmond Fed\u2019s manufacturing index crushed expectations for a reading of four, coming in at 13. The Atlanta Fed\u2019s survey of businesses showed sales growth expectations of better than five percent. Durable goods orders were much stronger than expected. Corporate profits\u2014the mother\u2019s milk of stocks and the lifeblood of the economy<\/strong>, as Kudlow likes to say\u2014are booming, helping the stock market hit new highs every few days. Jobless claims continue to drag along near historic lows. The trade deficit fell in April, and business inventories kept climbing. The Chicago PMI saw one of the biggest one-month jumps in history, with new orders rising to the highest level since the post-pandemic rebound of 2022.<\/p>\n

Inflation is still too high, and the higher gas prices are making it worse, as this week\u2019s release of the April personal consumption expenditures price index showed. But the monthly rise for April was\u00a0less than expected<\/em> and much slower than in March. What\u2019s more, consumer spending did not crack under the pressure of fuel pump prices<\/strong>. There were even significant increases in spending on recreational goods and restaurants. People are still enjoying themselves\u2014even if the official surveys say consumer sentiment is clinically depressed.<\/p>\n

Istanbul Was Once Constantinople<\/h2>\n

Five hundred and seventy-three years ago, the Ottoman armies of Mehmed II breached the Theodosian Walls surrounding Constantinople, ending the Byzantine Empire.<\/p>\n

One of the consequences of the fall of Constantinople<\/strong>\u00a0was the throttling of the Silk Road trade routes. The Ottomans didn\u2019t close them outright. They imposed tolls and extracted rents at every chokepoint, which might sound familiar to some of you. These tolls drove up the cost of importing Eastern goods for European merchants and caused shortages. This pushed Europe to turn away from the roads leading east and toward the seas to the west.<\/p>\n

The result was Columbus, da Gama, and the entire Age of Exploration<\/strong>. And, eventually, the founding of our ornery Republic on the continent across the western sea.<\/p>\n<\/p><\/div>\n

Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Weekly Wrap: Making It Rain with Trump Bills Welcome back to Friday! This is the Breitbart Business Digest weekly wrap, our\u00a0septidialogic sweep through the economic and financial news. This week the economy failed to get indigestion from the high price of gas, Treasury Secretary Scott Bessent told us about getting fed at the Fed, Trump<\/p>\n","protected":false},"author":1,"featured_media":918701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2982,378],"tags":[17746,8652],"class_list":["post-918700","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breitbart","category-business","tag-breitbart","tag-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/918700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=918700"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/918700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/918701"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=918700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=918700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=918700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}