Trump takes aim at the penny, says he’s told the US Treasury to stop making them
The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change through executive order and proclamation.
Trump Says Minting U.S. Pennies Is ‘Wasteful.’ Does Making Cents Really Make No Sense?
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social media site Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”
Trump goes after the penny and calls on Treasury to stop making the 1-cent coin
President Trump said Sunday that he has instructed Treasury Secretary Scott Bessent to "stop producing new pennies." Why it matters: Trump's Truth Social post comes after the Department of Governmental Efficiency led by Elon Musk talked about the high cost of the penny on Jan.
Billionaire Trump says time's up for lowly US penny
U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his Truth Social media account on Sunday.
Trump announces he’s instructing Treasury Department to stop producing the penny: ‘This is so wasteful!’
For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on Truth Social after attending the first half of Super Bowl LIX.
Trump instructs Treasury to halt penny production
President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.
12 Most Valuable Pennies in Circulation as Trump Stops Production
Trump's halt on "wasteful" penny production penny production could cause the value of the rarest one-cent coins to surge.
Trump says time's up for lowly US penny
U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny.
Trump orders 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 more than 3 cents to produce.
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site.
Trump announces plan to stop making new pennies, citing production costs
President Donald Trump announced he is directing the treasury secretary to stop the production of pennies as a cost-cutting measure.
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How to Make Sense of Trump’s Plan to Stop Making Cents
Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the ...
Trump Puts The 'Wasteful' Penny To Rest
According to the U.S. Mint, the production of nearly 3.2 billion pennies in the 2024 fiscal year resulted in a loss of $85.3 ...
Trump abolishes the ‘wasteful’ penny in mid-Super Bowl social media rant
Trump abolishes the ‘wasteful’ penny in mid-Super Bowl social media rant - ‘Let's rip the waste out of our great nation's ...