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 significant development for US-India relations, President Donald Trump has revealed that trade negotiations with India are "coming along great," fueling expectations of a groundbreaking trade deal in the near future. This could be the first major post-tariff agreement, marking a new chapter in bilateral economic ties between the two nations. With both sides eager to finalize terms, could this deal reshape global trade dynamics? In this video, we break down everything you need to know about the Trump administration’s strategy and what this potential deal means for both the US and India.
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In a stunning offhand comment that’s sparked global buzz, U.S President Donald Trump reportedly said, “I’d like to be the next Pope,” following the death of Pope Francis. The remark—interpreted by many as sarcastic—has triggered a wave of reactions from political leaders, religious figures, and the public alike. Is Trump serious, or is this another provocative headline-grabber? Here’s everything we know so far.
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President Donald Trump has officially declared war on Amazon and its founder Jeff Bezos after the company reportedly planned to display the consumer cost impact of U.S. tariffs — a move the White House calls “hostile and political.” In a fiery press briefing, Press Secretary Karoline Leavitt blasted the retail giant, accusing it of weaponizing prices to undermine the administration’s economic strategy. Is this a corporate stunt or a political power play? Watch the full breakdown and reaction from the White House as tensions between Trump and Bezos reach a boiling point.
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So, after 100 days of Donald Trump the big question for me remains - does the US president have a coherent foreign policy or is he just winging it? Sky News
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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Extinction Rebellion stages Earth Day protest outside Tesla showroom
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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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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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Donald Trump authorises 90-day pause in tariffs on most countries except China
In a post on Truth Social, Trump said he was imposing a steeper tariff rate of 125% on Beijing because of 'the lack of respect China has shown the World's Markets.'
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