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Trump orders stop to penny production: How the end to copper coin could cost Americans more
President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after Elon Musk's Department of Government Efficiency pointed out the cost of minting pennies. "Let's rip the waste out of our great nation's budget, even if it's a penny at a time," Trump posted to Truth Social on Feb. 9.
Phyllis Resnick, Colorado Futures Center's lead economist, told Newsweek that the loss of the penny will become the "most burdensome on low-income households," pointing to their purchases of ...
Welcome to 5 Things PM! In a sharp escalation of its battle with Harvard University, the Trump administration revoked the Ivy ...
As part of the Trump administration’s efficiency plan, the penny may cease being produced ... “There will be essentially no impact at all,” says Mark Schweitzer, associate professor of ...
So how would a world without pennies look? Reporters Oyin Adedoyin and Joseph Pisani join to discuss how the move could impact consumers, and why one man has lobbied for decades to save the cent.
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A penny for your thoughts. The U.S. government is phasing out the penny by stopping production. Sign up for our Newsletters ...
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