US Currency

Democrats Move to Block Trump’s Proposed $1 Coin

In other news, a group of Senate Democrats has introduced the “Change Corruption Act,” a bill aiming to prevent the government from minting coins featuring a living president, specifically targeting a planned commemorative coin featuring Donald Trump. The bill, introduced by Senators Merkley and Cortez Masto, directly challenges the U.S. Mint’s plans to create $1 coins with Trump’s likeness in honor of America’s 250th anniversary. However, the bill faces significant obstacles given the current political landscape. It is also important to note that if this coin is minted, it wouldn’t be the first time a sitting American president has had his face on American currency.

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Trump Orders Penny Minting Halt: Constitutional Concerns Raised

President Trump announced on Truth Social his directive to halt the production of new pennies, citing the minting cost exceeding the coin’s value. This decision aligns with the administration’s broader cost-cutting agenda, aiming to eliminate wasteful government spending. The President claims the cost of producing each penny is over two cents. The order was issued to the Treasury Secretary, effectively ending the minting of new one-cent coins.

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