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Gov. Gavin Newsom (D-CA) on Thursday criticized the President Donald Trump Administration’s decision to introduce a $250 bill featuring a portrait of the President.

$1 Trillion Bill

In a post on the social media platform X, Newsom’s official Press Office handle touted a new “$1 trillion bill” featuring Newsom and “bff Elon Musk!”

The post then said that Musk’s various enterprises, like Tesla Inc. and SpaceX, “would be nothing without California’s subsidies, generous corporate incentives, talent pool, and manufacturing base!”

Introducing the $1 trillion bill featuring Governor Gavin Newsom and bff Elon Musk! As everyone knows, Elon and his companies would be nothing without California’s subsidies, generous corporate incentives, talent pool, and manufacturing base! pic.twitter.com/DRlkfmLUZt

— Governor Newsom Press Office (@GovPressOffice) May 28, 2026

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Musk and Newsom have faced off against one another in the past, with the California Governor calling the Tesla CEO one of the biggest “disappointments,” and saying that California’s favorable regulatory environment played a role in the billionaire’s successes.

The SpaceX CEO, on the other hand, has criticized Newsom over the proposed California High-Speed Railway, alleging fraudulent activities, as well as over California’s proposed one-time tax on the state’s billionaire residents.

Trump Admin Touts $250 Bill

During a Press Briefing by Treasury Secretary Scott Bessent, Bessent said that the Treasury was preparing in case a bill in the House of Representatives was passed that would allow living persons to be featured on currency notes.

Treasury Secretary Scott Bessent says there is legislation in the works “so that a living person, Donald J. Trump, could be on the $250 bill.”

“It’s all up on Capitol Hill,” he announced at the White House press briefing. “At Treasury, we prepare things in advance, so we have… pic.twitter.com/h2Uut63KY7

— CBS News (@CBSNews) May 28, 2026

See Also: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time

The bill has been introduced by Rep. Joe Wilson (R-SC). The bill seeks to “amend the Federal Reserve Act to require the Secretary of the Treasury to print $250 Federal reserve notes featuring a portrait of Donald J. Trump, and for other purposes.”

Meanwhile, the President’s approval rating fell to 39%, according to a new poll by Emerson College. The rating is a new record low for Trump following his second term at the White House since January 2025.

Photo courtesy: Mijansk786 on Shutterstock.com

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