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Trump, Pennies and Treasury

The New York Times · 2d

Trump Orders Treasury Secretary to Stop Minting Pennies

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.”

Investopedia on MSN · 2d

Trump Tells US Treasury Secretary to End Minting Pennies

KEY TAKEAWAYS President Donald Trump said he has instructed the US Treasury Secretary to stop minting new pennies, citing the coin's cost of production.The U.S. president said in a Truth Social post that the cost to produce the penny—at more than 2 cents—was "so wasteful.

The Associated Press on MSN · 2d

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.

2don MSN

Trump Tells Treasury Secretary to Stop Minting New Pennies

President Donald Trump said he has ordered a stop to minting new pennies because they cost more to make than they’re worth.

20h

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.

21hon MSN

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 is literally pinching pennies, ordering ...

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