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Senator Elizabeth Warren: Trump’s Penny Halt Leaves Retailers Grappling with “Inconsistent Price-Rounding” Havoc
Senator Elizabeth Warren reportedly fired off a sharp critique of President Trump’s decision to end penny production, highlighting how it has sown confusion across everyday cash dealings. Banks and store clerks now face a patchwork of rounding rules that hit low-income buyers hardest, she claimed in her recent statement.
Retailers from small grocers to big chains have scrambled to update policies since the U.S. Mint struck its final penny last month. Customers paying exact change often walk away shortchanged by a cent or two, depending on the merchant’s chosen method.
The shift traces back to February when Trump directed the Treasury to halt minting as a budget trim, arguing the coins cost more to produce than their face value. Over 230 years of history ended abruptly, with billions still circulating but no new supply to replace worn ones.
Advocates for the change point to annual savings nearing $60 million, freeing funds for other priorities amid fiscal pressures. Yet critics like Warren argue the rollout lacked clear federal guidelines, turning a simple cost cut into a daily hassle for millions reliant on cash.
It is true that Trump’s administration ceased penny production in early 2025, with the last coins minted in Philadelphia on November 12 after exhausting blank supplies. Warren’s description of resulting transaction inconsistencies aligns with reports from business groups, though federal officials maintain existing pennies suffice for rounding needs without mandates.
Media reporting for this story: 60% Left | 10% Right | 20% Center | 10% Unrated
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