Browsing: BusinessImpact

Former President Donald Trump has sparked a debate on U.S. currency policy by urging the Treasury to halt penny production, citing cost inefficiencies. Announced on Truth Social, Trump’s proposal highlights the expense of manufacturing pennies, which now costs more than the coin’s face value. While some view the penny as a nostalgic element of American currency, critics argue it is an economic drain. Economic analysts support the proposal for its focus on fiscal efficiency, while small business owners worry about potential disruptions in transactions. As the Treasury Department reviews this fiscal proposal, the nation is prompted to balance tradition with modern economic strategies.