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.”
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.
So long, penny! Trump orders US to ditch 1-cent coin after decades of complaints
President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime.
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,
It takes nearly 4 cents to make a single penny. Here's why Trump wants them gone.
Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.
Making sense of the penny debate as Trump calls for halt in production
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. NBC News’ Brian Cheung explores the spirited debate over the penny and how its discontinuation would work logistically.
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 ...
Minneapolis Star Tribune on MSN7d
U.S. Rep. Pete Stauber reintroduces bill that would open copper nickel mining near Boundary Waters
Republican control in Washington could open the way for copper nickel mining efforts near the Boundary Waters Canoe Area ...
‘Nickel Boys' Director RaMell Ross & Stars On "Experimental Monument" Of Oscar-Nominated Civil Rights-Era Drama & Power of Trust
"I think about the film as a place to do, as I like to say, make an experiential monument," says Nickel Boys director RaMell ...
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South African official: ‘Let’s withhold minerals to the US’
The country’s minister of minerals and petroleum called out President Donald Trump and adviser Elon Musk at a major African ...
U.S. Trade Wars: What Trump Can Learn From Indonesia's Export Ban
As Trump announces new tariffs, Indonesia's decade-long experiment with export bans offers lessons about manufacturing growth, green technology, and trade policies.
Chinese firms control around 75% of Indonesian nickel capacity, report finds
Chinese firms control about 75% of Indonesia's nickel refining capacity, raising concern over supply chain control and ...
Trump has made the penny his currency target - but it’s the nickel he should worry about
Trump has made the penny his currency target - but it’s the nickel he should worry about - Ending the penny could drive up ...
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.