GO
Loading...

Sorry, George—no makeover for you

Scott Eells | Bloomberg | Getty Images

George just doesn't get respect. The $1 bill hasn't had a real makeover since 1929, and it doesn't look like the bill will be enjoying a new look anytime soon.

The $5, $10, $20 and $50 bills have all been revamped in the last decade, mostly to prevent counterfeiting. But the new spending bill passed last week has once again excluded the $1 bill from a redesign, according to the National Journal.

(Read more: US lawmakers unveil $1.1 trillion spending bill)

Over the last several years, Congress and the president have prevented the Treasury Department from using its funds to refurbish the dollar bill. Law enforcement agencies have argued that criminals are more attracted to bills with a larger value.

Another big opponent to the overhaul has been the vending industry, which has said it would cost too much to redesign machines to identify the new bills.

Click here to read the full story on National Journal.

—By CNBC.com.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • CNBC's Morgan Brennan takes a look at the economic impact of LeBron James on and off the court.

  • Can LeBron live up to the hype in Cleveland? Michael Ozanian, Forbes Magazine, discusses how he impacts the Cavs upcoming TV deal and how much the team is now worth.

  • "Street Signs" hosts Mandy Drury and Brian Sullivan look at 5 stocks with analyst recommendations, including a cut to Pandora and an upgrade for Southwest Air.