President Trumps pause of penny production renews long-simmering conversation about the one cent coin
Before President Trump, President Obama was the last to make a strong argument for doing-away with the penny. The latest penny pinch is about the price of production. At 3.7 cents a piece, pennies are rarely used,
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.
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.
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.
No more minting 'wasteful' pennies, Trump tells Treasury
It comes after Elon Musk's unofficial Department of Government Efficiency (Doge) drew attention to the cost of minting pennies in a post on X last month. The debate over the cost and usefulness of pennies has been a long-running one in the US.
Trump instructs Treasury to halt penny production
President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent. “For far too long the United States has minted pennies which literally cost us more than 2 cents.
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
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying ...
Trump Says Minting U.S. Pennies Is ‘Wasteful.’ Does Making Cents Really Make No Sense?
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...
Trump is ‘right’ to order the US to ditch the ‘stupid’ penny, Kevin O’Leary says
President Donald Trump is one cent away from scrapping the US penny and ‘Shark Tank’ star Kevin O’Leary is agreeing with him.
Few mourn the US penny as Trump moves to kill it
Nour Ismail, a cashier at the All-Star Deli & Grocery in Manhattan, says the handful of pennies tossed into the bodega's tip ...
Does Trump’s penny plan make cents? How ditching the hated coin would affect consumers
President Donald Trump promised to penny pinch the federal budget if re-elected. Turns out he meant that literally.
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How to Make Sense of Trump’s Plan to Stop Making Cents
Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the ...
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.
A penny for their thoughts: Americans say ‘time to move on’ from the coin
President Trump ordered the Treasury department to stop production of pennies. Here's how Americans are responding to the ...