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.
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.
Trump orders Treasury Department to halt penny production, cites 'wasteful' costs
US President Donald Trump said Sunday that he ordered the Treasury Department to stop producing pennies. "For far too long, the United States has minted pennies, which literally cost us more than 2 cents. This is so wasteful!" he said on his Truth Social platform.
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.
No more minting 'wasteful' pennies, Trump tells Treasury
The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, by US President Donald Trump in an announcement on his Truth Social media account.
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