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President Donald Trump unveiled plans Sunday to halt production of the penny — but getting that initiative underway requires a few additional steps and possibly congressional approval.
Additionally, while Trump said he instructed the Treasury Department to stop minting them due to their high costs, supporters of the penny claim it’s wiser to evaluate changes to the nickel instead.
"For far too long, the United States has minted pennies which literally cost us more than 2 cents," Trump wrote on Truth Social on Sunday. "This is so wasteful! I have...
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