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President Trump calls to stop penny production

Summary by Fox 10 Phoenix

A directive from the White House to stop penny production aims to reduce costs but increasing reliance on the nickel, which costs more to mint per unit than the penny, could have negative consequences.

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RealClearMarkets

Why DOGE Should Let Penny Alone

It’s been reported that Elon Musk’s Department of Government Efficiency (DOGE) is looking at changing money forever. Musk’s plan? Kill the penny.

3 days ago

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Fox 10 Phoenix

President Trump calls to stop penny production

4 days ago

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Barchart.com

President Trump Wants to Get Rid of Pennies. These 2 ‘Strong Buy’ Stocks Could Be Unlikely Winners.

Visa and Mastercard are emerging as potential beneficiaries, with their digital payment solutions and strong growth prospects making them attractive investments in a cashless future.

3 days ago

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oaklandpostonline.com

The penny is stopping production, and I’m sad

President Donald Trump has directed the U.S. Treasury to stop minting new pennies. This is one of many executive actions in Trump’s sweeping first month in office. “For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump wrote on Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, e…

4 days ago

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crankers.com

Treasury Secretary Bessent confirms the U.S. Mint will "soon" stop production of the penny

Treasury Secretary Scott Bessent confirms the U.S. Mint will "soon" stop production of the penny following President Trump's directive. "It costs about three cents to make one cent — even in Washington, that math doesn't work." Everyone better collect all your pennies. Maybe we can sell them on eBay ten years from now for a dollar. haha!

4 days ago

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