Is the US going 'penniless'? Why Trump wants to halt production of the coins
Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to produce — leading to an $85.3 million loss in 2024 alone. The move follows a push by Elon Musk’s Department of Government Efficiency and mirrors similar decisions in Canada and Europe.
President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...
The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...
For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.
The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...
Within moments of Donald Trump announcing his new coin, traders made high-value bets that quickly paid off. Did they have an ...
A progressive watchdog group is calling for an investigation into whether President Donald Trump’s promotion of a meme coin ...
President Trump ordered the Treasury department to stop production of pennies. Here's how Americans are responding to the ...
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