President Donald Trump has ordered the U.S. Treasury to stop minting the penny, reviving the debate over the future of America’s smallest coin.
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.
President Donald Trump said he ordered the production of new pennies to halt because it costs almost four cents to produce ...
The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...
President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the economy will be okay without the coin.
President Trump claims he has instructed the U.S. Treasury Department to stop producing pennies, calling the 1-cent coin ...