President Donald Trump announced on Monday he has directed Treasury Secretary Scott Bessent to cease penny production, following recent criticism of the coin's costly manufacturing process.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...

President Donald Trump has instructed the U.S. Treasury to stop producing pennies, citing wasteful costs. The decision, ...

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 ...

President Donald Trump said he wants to end the production of pennies, calling them “wasteful.” Each coin costs more than 3 ...

President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing ...

"For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" ...

President Donald Trump has announced plans to stop minting new pennies, citing the coin's production cost, which exceeds its value. This decision reflects his administration's broader aim of reducing ...

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 ...