Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” It’s not the first time politicians have mulled the reform of the one-cent coin. “Anytime we’re ...
For fiscal year 2024, the annual U.S. Mint report said it takes about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023. The increase has been partly driven by the ...
President Donald Trump said on Sunday that he had instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right ...
The cost of making a penny has risen to more than twice the coin's face value. As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies ...
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin WASHINGTON -- President Donald Trump says he ...
3.7 cents 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.
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime. Advocates for ditching the penny cite ...
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. “For far too long the United States has minted pennies ...
President Trump wants to end production of the penny It takes about 3.7 cents to produce and distribute one penny A 233-year run could be over. President Donald Trump announced Sunday that he is ...
President Donald Trump is telling the Treasury Department to stop minting pennies, the iconic one-cent copper coin bearing the face of Abraham Lincoln. Shortly after departing Sunday's Super ...
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