Phasing Out the Penny
In February 2025, President Trump directed the U.S. Treasury to stop producing pennies as part of a broader effort to cut unnecessary government spending. Each penny costs nearly four cents to produce and distribute, making it economically inefficient. While minting has ended, existing pennies remain legal tender, and banks will continue to accept and process them. As availability declines, some banks and merchants may run low or out of pennies, potentially affecting cash transactions that rely
