What Trump’s Plan to Stop Minting Pennies Means for Consumers
President Trump said Sunday that he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut down on what he called wasteful government spending. His remarks revived a long-running debate over whether to get rid of the smallest denomination of U.
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 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 orders Treasury to stop minting new pennies
President Trump ordered the Treasury Department to stop making new pennies because the government loses money on them, he said Sunday night. Trump’s authority on the issue is questionable, as only Congress has the power to make currency changes under the Constitution.
How much does it cost to mint a penny? Trump orders end of penny production
The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla and SpaceX CEO Elon Musk, said that producing 4.5 billion pennies in Fiscal Year 2023 cost taxpayers more than $179 million.
Trump seeks to halt minting of new pennies due to manufacturing cost
President Trump is on a quest to cut government spending, which could mean saying farewell to the classic penny.
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.
President Trump directs to stop minting pennies
The president announced the policy change on social media Sunday night, citing the rising cost of producing the one-cent coin.
Trump orders 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 more than 3 cents to produce.
Billionaire Trump Says Time's up for Lowly US Penny
This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies," Trump wrote. "Let's rip the waste out of our great nation's budget, even if it's a penny at a time,
So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints
President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of ...
Why Trump wants the Treasury to stop minting the penny
President Donald Trump ordered a halt in penny production to cut "wasteful" government spending, saying the coin costs more to make than it's worth.
Highland Mint will make the flip coin for the 32nd consecutive year for Super Bowl LIX
When the coin is flipped prior to Super Bowl 59 on Feb. 9, it will be the 32nd consecutive year the flip coin was made at ...