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Trump is instructing Treasury to stop making new pennies

USA Today · 6h

Making change: Trump tells US Treasury to stop making pennies. What if we drop the penny?

President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional approval? What we know.

CBS News on MSN · 19h

Trump directs Treasury to stop minting new pennies, citing cost

The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.

The Washington Post · 1d

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 produce.

29mon MSN

Trump promised no new pennies — here’s how that would work

The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...

2h

Is Eliminating The Penny Equitable? Its Cost Taxpayers $250,000,000 Over The Past Two Years.

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.

1d

Billionaire Trump Says Time's up for Lowly US Penny

This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies," Trump wrote. "Let's ...

iHeart on MSN1d

Trump Announces Plan To Get Rid Of The Penny

The U.S. Mint had already decreased the production of the penny by an estimated 29% margin from 2023 and 2024 and data shared ...

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