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.
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.
Is the Penny Going Away? Trump Orders Halt on Production
Decrying ‘wasteful spending’ in a social post, Trump said he instructed the Treasury Department to stop producing new pennies.
Trump wants to end penny production; will it affect consumers?
President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.
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 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.
How Trump might get rid of the penny — and what could come next for your pocket change
Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.
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Trump announces plan to stop making new pennies, citing production costs
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 ...
Getting rid of the penny introduces a new problem: nickels
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.