Treasury Department will stop making pennies, saving $56 million each year
US Government Plans to End Penny Production The government’s new efficiency initiative aims to cut costs by phasing out penny production, a coin that has been around for centuries. This move is expected to save approximately $56 million annually. The Treasury Department is set to place its last order for blank pennies this month, with […]
Federal Reserve official cautions that markets are seeking higher rates on US Treasury bonds
Discussion on Economic Impacts of Tariffs and Interest Rates Federal Reserve Governor Christopher Waller recently spoke with Edward Lawrence from Fox Business about how President Donald Trump’s tariffs are affecting the US economy, particularly in relation to interest rates. Waller pointed out that financial markets reacted to the anticipated deficit from the Congressional Republican tax […]
US Treasury announces the discontinuation of the penny
Treasury to End Production of One-Cent Coin Starting next year, the Treasury will cease production of the one-cent coin, commonly referred to as the penny. This marks the decline of a coin that has been in circulation for more than two hundred years. Earlier this year, President Donald Trump directed the Treasury Department to halt […]
Treasury outlines strategy to stop making pennies
The Treasury announced on Thursday its intention to cease penny production, effectively phasing out one of the oldest forms of currency in the country. The US Mint has issued a final order for penny blanks and will halt coin production, as stated by Treasury officials. While only Congress has the authority to completely eliminate or […]
U.S. Treasury Department Focuses on Important Figures in Los Zetas Terrorist Group
US Treasury Targets Leaders of Cartel del Noreste The US Treasury Department has identified two prominent figures from a terrorist organization called the Cartel del Noreste, associated with Los Zetas. This action effectively freezes their assets and properties, making it illegal for US entities and individuals to engage in business with them. Treasury officials indicated […]
David Sacks, the White House crypto advisor, claims that the stablecoin legislation will free up ‘trillions’ for the U.S. Treasury.
Trump’s Advisor Discusses Crypto Legislation During an event at the White House on March 7, 2025, President Trump was seen with his top advisor on cryptocurrency and AI, David Sachs. Sachs expressed optimism regarding upcoming legislation aimed at cryptocurrency, suggesting that it could earn vital bipartisan support in the Senate. He believes this would, in […]
Treasury Department imposes sanctions on members of a Mexican drug trafficking organization
The Treasury has sanctioned two senior members of the Cartel del Noreste (CDN), a Mexican drug trafficking organization that was previously known as Los Zetas. On Wednesday, the Bureau of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, took action against these two individuals. The CDN has been designated a terrorist […]
Treasury Imposes Sanctions on Senior Officials of Cartel Del Noreste, a Foreign Terrorist Group
U.S. Sanctions Target Mexican Cartel Members The U.S. Treasury Department announced on Wednesday that it has imposed sanctions on two senior members of the Cartel del Noese (CDN), based in Mexico. This decision comes due to their involvement in various criminal activities, including drug trafficking, human trafficking, and arms trafficking—crimes that endanger Americans. The sanctioned […]
Kato from Japan suggests he will talk with US Treasury Secretary Scott Bessent about foreign exchange this week.
Japanese Finance Minister’s Expectations for G7 Meeting The Japanese Finance Minister mentioned on Tuesday that he anticipates a focus on foreign exchange during this week’s discussions with Treasury Secretary Scott Bescent. Key Quotes “A bilateral meeting with my counterpart will take place at the G7 Finance Leaders gathering later this week. If you run into […]
Treasury Secretary Scott Bessent minimizes the impact of Moody’s downgrade of US credit.
Reactions to US Credit Rating Downgrade White House Press Secretary Caroline Leavitt stated that President Trump does not agree with Moody’s decision to downgrade the credit rating of the US government. In a conversation on Sunday, Treasury Secretary Scott Bescent minimized the significance of Moody’s downgrade. On Friday, Moody’s lowered the US credit rating from […]