Trump directs Treasury to stop minting new pennies, citing cost
The U.S. 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 announces plan to stop making new pennies, citing production costs
President Donald Trump announced he is directing the treasury secretary to stop the production of pennies as a cost-cutting measure.
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 Treasury Secretary to Stop Minting Pennies
President Trump said that the coins cost more to produce than their face value. President Trump said on Sunday night that he had ordered the Treasury secretary to stop producing new pennies, a move that he said would help reduce unnecessary government spending.
Trump says he has instructed US Treasury to stop minting new pennies: 'This is so wasteful!'
President Trump announced on Sunday night that he plans to eliminate the manufacturing of pennies, which cost more than they are actually worth.
Trump is instructing the Treasury to stop making new pennies
"Let's rip the waste out of our great nations budget, even if it's a penny at a time," Trump wrote on Truth Social.
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Trump says he has directed Treasury to stop minting new pennies, citing cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing ...
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Billionaire Trump says time's up for lowly US penny
U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President ...