Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
Penny for your thoughts? Trump orders US Mint to stop making 1-cent coin. What to know
The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.
What Trump’s Plan to Stop Minting Pennies Means for Consumers
President Trump said Sunday that he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut down on what he called wasteful government spending. His remarks revived a long-running debate over whether to get rid of the smallest denomination of U.
Local coin shop reacts to President Trump's order to stop minting new pennies
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.Ina post on his Truth Social
Will the humble penny finally be discontinued? Trump tells the Treasury Department to stop making the coins
Economists have called for the elimination of the penny for decades, but Trump’s authority to unilaterally do so is far from clear.
Few Mourn the US Penny as Trump Moves to Kill It
One-cent U.S. coin known as the penny is shown in this illustration picture, after U.S. President Trump informed on his Truth Social media account that he instructed the Secretary of the US Treasury to stop producing new pennies,
How much does it cost to mint a penny? Trump orders end of penny production
President Trump wants to end production of the penny It takes about 3.7 cents to produce and distribute one penny A 233-year run could be over. President Donald Trump announced Sunday that he is telling the Treasury Department to stop minting pennies,
Trump says he ordered Treasury Department to stop producing new pennies
President Donald Trump said he wants to end the production of pennies, calling them “wasteful.” Each coin costs 3.7 cents to produce.
So Long, Penny! Trump Orders US to Ditch 1-Cent Coin After Decades of Complaints
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime. Advocates for ditching the penny cite its high production cost — currently almost 4 cents per penny,
Trump wants to end penny production; will it affect consumers?
President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.
Trump's order to scrap the penny doesn't make 'cents': Expert
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
Trump has made the penny his currency target - but it’s the nickel he should worry about
President Donald Trump has ordered the U.S. Treasury to end penny production, calling it “wasteful” — but the nickel may be ...
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Trump makes major move to ‘rip the waste out’ of US budget
Trump has ordered the U.S. Treasury to "stop producing new pennies" as the cost of making new pennies is greater than the ...