Is the US going 'penniless'? Why Trump wants to halt production of the coins
Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to produce — leading to an $85.3 million loss in 2024 alone. The move follows a push by Elon Musk’s Department of Government Efficiency and mirrors similar decisions in Canada and Europe.
Penny’s Days Numbered? Trump Orders Treasury to Halt Penny Production, Citing Wasteful Spending
President Donald Trump announced Sunday that he has directed the U.S. Treasury Department to halt the production of new pennies, citing the rising cost of minting the coin as an example of "wasteful" government spending.
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,
How much do pennies cost to make? Here's what to know as Trump calls for pause on production
President Donald Trump wants to end minting the penny, calling it a waste of money. So how much does it cost to make? The U.S. Mint says 3.69 cents.
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site.
Trump orders end to ‘wasteful’ production of the penny
Pennies cost more to make than they are worth, and often accumulate unused. But would eliminating them cause prices to get rounded up?
Trump says he has directed Treasury to stop minting new pennies
President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the coin.
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Trump takes aim at 'wasteful' government spending by ordering end to penny production
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