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Trump, pennies

CBS News on MSN · 1d

Trump's plan to scrap the penny spikes interest for coin collectors

Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint reported. Congress sets currency specifications, so it's unclear whether Mr. Trump has the power to eliminate the penny, but the president might be able to stop the Treasury from minting them.

The Wall Street Journal on MSN · 10h

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.

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.

2don MSN

Will prices be affected by Trump removing penny from circulation? Economists weigh in

For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a ...

1d

Donald Trump hits Canadian aluminum and steel with 25 per cent tariff

Calls for Canadian retaliation reverberated hours before U.S. President Donald Trump was expected to act on his threat of 25% ...

4d

Trump says he ordered 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 3.7 cents to ...

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