penny, Trump and Treasury

Trump orders Treasury to stop minting pennies: How much does it cost to mint a penny?
Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.
It costs nearly four cents to make one penny. The nickel costs even more
President Donald Trump said he’s instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny costs 3.
Trump says the penny costs too much, orders Treasury to stop making them
U.S. laws give Secretary of the Treasury Scott Bessent the authority to make the coins he “decides are necessary to meet the needs of the United States,” and the 47th President’s order seems to believe the penny does not meet that standard any longer.
How much do pennies cost to make? Here's what to know as Trump calls for pause on production
This is so wasteful!" Trump said in a Truth Social post Sunday. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The one-cent coin was one of the first made by the U.
Could Ending ‘Wasteful’ Penny Production Be Trump’s Most Bipartisan Move Yet?
President Donald Trump directed the Treasury Department to stop minting new pennies Sunday, citing the high cost of manufacturing the
Penny Pinching? Here's How Much It Costs to Mint a Cent
That's how much it cost the U.S. Mint to make a one-cent coin last year, up from 2.1 cents in 2021. In fact, the agency lost $85.3 million last year on the pennies it produced. But scrapping them could have downsides,
How much does it cost to mint a penny? Trump orders end of penny production
The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla and SpaceX CEO Elon Musk, said that producing 4.5 billion pennies in Fiscal Year 2023 cost taxpayers more than $179 million.
Penny for your thoughts? Trump orders US Mint to stop making 1-cent coin. What to know
The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.
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.
Why Small Businesses May Absorb the Costs of Ending the Penny More Than Others
A production halt to the smallest-denominated coin is among Trump's many recent executive orders. How will businesses be affected by a decision to stop making cents?
Donald Trump’s penny proposal would eliminate 1 in 2 coins minted in the U.S.—but nickels are the real villains
The president says he’s killed off production of money-losing pennies, but nickels cost even more money to make—and we'd need ...
How Trump might get rid of the penny — and what could come next for your pocket change
Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.
Getting rid of the penny introduces a new problem: nickels
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.
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How much does it cost to make a penny, and are we ‘losing’ money on other coins?
President Donald Trump on Sunday said that he had asked the Treasury Department to stop minting new pennies, calling them ...
Trump's order to discontinue the penny doesn't add up: Expert
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
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 ...