Scott Bessent to oversee final circulation of penny

Treasury Secretary Scott Bessent will visit the Philadelphia Mint on Wednesday to commemorate the last production of the penny in the United States.

Treasurer Brandon Beach will join Bessent nine months after President Donald Trump called to halt production of the 1-cent coin. Trump explained that the decision was part of an effort to “rip the waste out of our great nation’s budget, even if it’s a penny at a time.”