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Treasury Advances Trump’s Plan to Stop Minting the Penny

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Washington, D.C., USA

May 24, 2025 2 Neutral I want money/finance advice

Washington, D.C., USA: The U.S. Treasury will soon halt production of pennies, citing annual savings of $56 million. Critics say the penny’s cost often exceeds its face value, while supporters highlight the coin’s cultural significance. Some worry about potential inflation if many retailers round transactions up instead of down. Meanwhile, charities that rely on penny drives face potential fundraising changes.

What this means for you:

•	Within a few weeks, watch cash register policies—some places might round prices differently, impacting your change.
•	Over 1–3 months, prepare for minor shifts in how transactions occur; set aside a small buffer in case rounding creeps up.
•	Check digital payment options for everyday purchases to sidestep rounding.
•	In the meantime, consider donating leftover pennies before they go out of circulation.

Key Entities

• U.S. Treasury Department: Oversees coinage and aims to reduce minting costs.
• U.S. Mint: Expected to phase out penny production soon.
• President Donald Trump: Advocates the penny’s discontinuation as a cost-cutting measure.

Bias Distribution

Left: 100% (1 source)

Center: 0% (0 sources)

Right: 0% (0 sources)

Multi-Perspective Analysis

Left-Leaning View

Focuses on possible regressive impact of rounding costs on low-income individuals.

Centrist View

Emphasizes straightforward cost savings for government.

Right-Leaning View

(No major coverage).

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