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 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 Treasury secretary to stop minting America’s one-cent coins. “For far too long the United States has minted pennies which literally cost us more than 2 cents,
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 media site Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”
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.
Common 'cents': Long Island businesses like Trump's plan to end penny production
"It can be a nuisance," an East Meadow diner manager said of trying to locate pennies to make change for customers.
Penny Pinching? Here's How Much It Costs to Mint a Cent
That's how much it cost the U.S. Mint to make a one-cent coin last year, up from 2.1 cents in 2021. In fact, the agency lost $85.3 million last year on the pennies it produced. But scrapping them could have downsides,
Trump wants the U.S. to stop producing pennies. Would it make sense to do so?
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.
Trump Is Right to Stop Making Cents. But Let Congress Do It the Right Way.
The phrase “to coin money” is a bit vague. So to fix that, the United States’ second Congress passed the Coinage Act of 1792, ...
Trump wants to scrap pennies. What does that mean for the copper industry?
The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...
Billionaire Trump says time's up for lowly US penny
U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his Truth Social media account on Sunday ...