Trump's order to scrap the penny doesn't make 'cents': Expert
As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
West Virginia coin collector gives two cents after Trump puts stop to penny production
News spoke with Edward Perry, the owner of Perry's Coin Currency & Ammunition located at the Milton Flea Market.
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.”
A Penny Spurned: Does the Lesser Coin Still Make Sense?
The penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the U.S. Constitution grants Congress exclusive authority to make money. Congress created the U.S. Federal Reserve to oversee monetary policy.
Trump wants to stop making cents. How would that work?
President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The value of the 1-cent coin has been debated for decades.
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.
What Trump’s Plan to Stop Minting Pennies Means for Consumers
President Trump said Sunday he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut down on what he called wasteful government spending. His remarks revived a long-running debate over whether to get rid of the smallest denomination of U.
How to Make Sense of Trump’s Plan to Stop Making Cents
On Sunday night, President Donald Trump announced that he had instructed the Treasury Secretary to stop minting one-cent coins. “For far too long the United States has minted pennies which literally cost us more than 2 cents,
Here’s our two cents on the penny: Time to cash it in | EDITORIAL
If your bill comes to 98 cents and you hand the seller a dollar, you expect to get your two cents back. Inflation hit ...
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Cantor: For my two cents: It’s time for the penny to go
As President Trump seeks to downsize the cost of the U.S. Government, let me add my two cents to the effort; or to be more ...
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Does Trump’s penny plan make cents? How ditching the hated coin would affect consumers
Australia got rid of its 1- and 2-cent coins in 1992, while Canada stopped distributing its penny in 2012. The U.S. has also eliminated a coin with little to no trouble—the half-cent coin ...