Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.”

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.

President Donald Trump said he has ordered the Treasury Secretary to stop minting new pennies, in a post on his Truth Social platform on Sunday night, citing the cost of production for the coin, which has been higher than its face value for nearly two decades.