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I couldn't believe this was real but apparently it is:
According to the source, Jackson "will be removed in favor of a female representing the struggle for racial equality." The decision, however, will take at least a decade to go into effect, due to concerns over counterfeiting.
Furthermore, the decision can be reversed, because "future Treasury Secretaries -- of which there will be several -- could reverse or alter the decision regarding the $20, making Lew's announcement far less of a clear-cut victory for the movement pushing to place a woman on American currency."
Apparently Hamilton is getting a reprieve, but the back of his bill is also being targeted:
http://money.cnn.com/2016/04/16/news/economy/jack-lew-hamilton-10-bill/index.html
Treasury Secretary Jack Lew is expected to announce this week that Alexander Hamilton's face will remain on the front of the $10 bill and a woman will replace Andrew Jackson on the face of the $20 bill, a senior government source told CNN on Saturday.
According to the source, Jackson "will be removed in favor of a female representing the struggle for racial equality." The decision, however, will take at least a decade to go into effect, due to concerns over counterfeiting.
Furthermore, the decision can be reversed, because "future Treasury Secretaries -- of which there will be several -- could reverse or alter the decision regarding the $20, making Lew's announcement far less of a clear-cut victory for the movement pushing to place a woman on American currency."
Apparently Hamilton is getting a reprieve, but the back of his bill is also being targeted:
Lew announced last summer that he was considering redesigning the $10 bill to include the portrait of a woman. The decision to make the historic change at the expense of Hamilton drew angry rebukes from fans of the former Treasury Secretary. The pro-Hamilton movement gained steam after the smash success of the hip-hop Broadway musical about his life this year.
Those pressures led Lew to determine that Hamilton should remain on the front of the bill. Instead, a mural-style depiction of the women's suffrage movement -- including images of leaders such as Susan B. Anthony -- will be featured on the back of the bill.
http://money.cnn.com/2016/04/16/news/economy/jack-lew-hamilton-10-bill/index.html