Trump calls for US Mint to stop producing new pennies


Trump calls for US Mint to stop producing new pennies

The cost of producing pennies continues to draw scrutiny, as the US Mint -- a bureau within the US Department of the Treasury -- spends more than two cents to manufacture each one-cent coin. President Donald Trump took to Truth Social to announce he ordered the stop of all further penny production, calling it "wasteful."

Market Domination Overtime anchor Julie Hyman examines the factors driving up penny production costs, from rising metal prices to manufacturing expenses.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

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