Phrases such as penny for your thoughts or stop being a penny-pincher may have to change — pun intended. President Trump said Sunday he told the U.S. Treasury Department to stop minting pennies.

He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024. Pennies and nickels cost more than they were worth for the 19th consecutive fiscal year, according to ...

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 ...

Trump said in a Truth Social post Sunday. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The one-cent coin was one of the first made by the U.S. Mint more ...

On the flip side, the group Americans for Common Cents says getting rid of the penny would actually cost the government more money, because there’d be more demand for nickels, and those are even ...

he said in a post on his Truth Social platform. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump actually undersold the cost argument ...

(NEXSTAR) — In a move potentially foretold by the Department of Government Efficiency (DOGE), it seems the U.S. could be on the verge of ending penny production. President Donald Trump on Sunday ...

Shortly after departing Sunday's Super Bowl game in New Orleans, the president took to his Truth Social site and said that the penny now costs more than two cents to produce. It's one of the ...

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LET’S RIP THE WASTE OUT OF OUR GREAT NATION’S BUDGET. EVEN IF IT’S A PENNY AT A TIME, THE U.S. MINT LOST $85.3 MILLION IN THEIR 2024 FISCAL YEAR, MAKING NEARLY 3.2 BILLION PENNIES.