Trump says the penny costs too much, orders Treasury to stop making them
U.S. laws give Secretary of the Treasury Scott Bessent the authority to make the coins he “decides are necessary to meet the needs of the United States,” and the 47th President’s order seems to believe the penny does not meet that standard any longer.
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.
Trump Plan to Ditch the Penny Comes With Twist: It May Not Save Much
President Donald Trump’s order Sunday night to stop minting billions of pennies annually potentially comes with some unexpected costs.
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.
A Penny for Your Thoughts: Denver Mint Target of Latest Donald Trump Order
Let’s rip the waste out of our great nation's budget, even if it’s a penny at a time,” President Donald Trump pronounced last night on Truth Social, even as he returned to Washington, D.C., from a pricey jaunt to the Super Bowl.
Trump asks Treasury to stop minting pennies
The US Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.
Trump orders halt to minting of penny. Here’s how it could cost you money
President Donald Trump has ordered the U.S. Treasury to cease minting the penny coin in a bid to cut government spending, USA Today reported. But the move could lead to price increases for U.S. consumers.
So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints
The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald ...
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President Trump orders penny to stop being minted, U.S coin museum & Governor weigh in
President Donald Trump has ordered the production of U.S pennies to stop as of Sunday night. Now, Governor Jared Polis, ...
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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 ...
Getting rid of the penny introduces a new problem: nickels
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one ...
Trump's plan to ditch the penny comes with a twist, it may not save much
The penny, a staple of US currency since since 1793, costs more than 3 cents to make, costing the government a net loss of ...