First in The Vault. The two top congressional Democrats in financial policy urged the Trump administration to provide “immediate guidance” amid a nationwide shortage of the penny, according to a letter we obtained.
Sen. Elizabeth Warren (D-Mass.) and Rep. Maxine Waters (D-Calif.) blasted Treasury Secretary Scott Bessent, Federal Reserve Chair Jay Powell and acting Director of the U.S. Mint Kristie McNally for having “yet to provide any guidance or formulate a plan to manage penny circulation to meet current and future demand.”
