Trump Abolishes Penny: US Treasury Ordered to Stop Minting Coins – Elon Musk Reacts to Bold Move
Video Credit: Oneindia - Duration: 03:09s - Published
Trump Abolishes Penny: US Treasury Ordered to Stop Minting Coins – Elon Musk Reacts to Bold Move
In a historic and controversial move, President Donald Trump has officially ordered the U.S. Treasury to stop minting pennies, citing the high production cost and wasteful government spending.
Posting on Truth Social, Trump declared, "For far too long the United States has minted pennies, which literally cost us more than 2 cents."
#Trump #ElonMusk #NoMorePennies #USATreasury #BreakingNews #PennyAbolished #MAGA #TrumpNews #GovernmentSpending #ElonMuskReaction #Politics #FinancialNews #USCurrency
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In a revealing interview with The Atlantic, U.S. President Donald Trump claimed he’s now “running the world” and is enjoying his second term far more than his first. He described his current leadership role as “fun,” despite calling it “serious stuff.” Trump also addressed past remarks about a potential third term, brushing them off as unlikely. His comments—while dramatic—spark new debates about power, global influence, and political ambition as the Trump era continues to stir global headlines.
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President Trump claims tariffs are bringing in $2 billion a day to the U.S. Treasury, calling it a "huge win" for America. Speaking at a White House event, he boasted that countries are lining up to cut deals. However, no data supports his staggering figure—Treasury records show an average of just $200 million per day. Critics and analysts remain skeptical, pointing to exaggerated numbers and rising consumer costs. As the trade war escalates, economic uncertainty looms and Americans may be the ones paying the price.
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Amazon launches first batch of internet satellites in race to rival Musk's SpaceX
Monday's launch, which carried around 27 satellites from an Atlas V rocket, follows two experimental satellites launched in 2023 as part of Amazon's 'Project Kuiper' internet satellites.
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Credit: euronews (in English) Duration: 01:05Published
Elon Musk and Treasury Secretary Scott Bessent got into a heated shouting match inside the White House over who should lead the IRS. Musk backed Gary Shapley, while Bessent pushed for his deputy Michael Faulkender. The argument—filled with expletives and accusations—erupted near President Trump and Italian PM Giorgia Meloni. Musk even accused Bessent of being a “Soros agent.” Days later, Bessent’s pick won out. White House aides say tensions like this aren’t unusual, but the clash exposes deep divisions within Trump’s economic inner circle.
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Climate activists held a demonstration outside a Tesla dealership in Manhattan on Earth Day, criticising Elon Musk and his involvement in the recently formed Department of Government Efficiency in the US.
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Credit: euronews (in English) Duration: 01:00Published
Musk vows to step back from DOGE job and put more time into Tesla
Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.
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Credit: euronews (in English) Duration: 01:10Published
Elon Musk has said the time he spends with Donald Trump's Department of Government Efficiency (Doge) will "drop significantly" from May and he will allocate more.. Sky News
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