The Treasury Department plans to put President Trump's signature on all new U.S. paper currency, marking the first time a sitting president's signature will appear on bills. The move is tied to the nation's 250th anniversary in 2026, breaking from tradition where only Treasury secretary and treasurer signatures appear.
Cash now accounts for just 14% of U.S. payments according to Federal Reserve data, with Americans making about seven cash payments monthly out of roughly 48 total transactions. Two-thirds of cash payments come from people who actually prefer cards but use cash as a fallback option.