Trump Signs New Executive Order: The $250 Bill Is Now Legal Tender for All Federal Debt Payments
The White House today announced Executive Order 2025-09, making the new $250 bill legal tender for all federal debt payments starting October 1. The move aims to simplify tax payments and boost liquidity for small businesses, but critics warn it could destabilize the dollar’s international standing. The Treasury will begin printing the bills next quarter, with the portrait of Alexander Hamilton set to be replaced by a new design.