Trump Directs End to Penny Production Amid Rising Costs
President Trump has ordered the Treasury to stop minting pennies, citing their production cost exceeding 2 cents, following mounting financial losses reported by the U.S. Mint.
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Trump's push to eliminate the penny marks a decisive step towards enhancing government efficiency and streamlining unnecessary expenditures, reflecting a broader philosophy aiming at cost-saving measures that resonate with his administration's fiscal priorities.
Trump orders halt on "wasteful" pennies after DOGE highlighted cost
Newsweek·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.CenterThis outlet is balanced or reflects centrist views.
The decision to halt penny production represents Trump's larger agenda of eliminating wasteful spending in government, underscoring his commitment to transforming fiscal policies in his new administration.
Trump has directed US Treasury to stop minting new pennies, citing rising cost
ABC News·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The decision to halt the minting of pennies marks a pragmatic step in addressing the inefficiency of currency production, reflecting Trump's broader inclination towards streamlining government processes.
Fortune·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.CenterThis outlet is balanced or reflects centrist views.
If President Trump manages to follow through on his plan to eliminate the penny, it could represent a shift in a long-ignored aspect of currency that many agree is outdated and unnecessary.
How to Make Sense of Trump’s Plan to Stop Making Cents
New York Magazine·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans LeftThis outlet slightly leans left.
The Trump administration's decision to stop minting pennies reflects a broader commitment to cut government waste and streamline operations, with the president positioning this move as a necessary step toward fiscal responsibility.
Trump says he has directed U.S. Treasury to stop minting new pennies, citing rising cost
NBC News·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The decision to stop producing pennies reflects a long-overdue recognition of fiscal responsibility, as the cost of minting these coins far exceeds their actual value.
Trump is instructing the Treasury to stop making new pennies
Business Insider·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Mr. Trump's decision to halt the minting of pennies reflects his administration's aggressive approach to cutting wasteful spending and aims to streamline government operations, even if it means eliminating a longstanding piece of currency.
Trump directs Treasury to stop minting new pennies, citing cost
CBS News·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
By halting the production of the penny, President Trump aims to eliminate a significant waste in the federal budget, reflecting his administration's commitment to cost-cutting and fiscal efficiency.
New York Post·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
The announcement to halt the production of pennies is a bold step towards eliminating wasteful government spending, reflecting a long-overdue recognition of the inefficiencies in U.S. currency production.
Trump Directs Treasury Department to 'Stop Producing New Pennies'
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The decision to stop minting pennies reflects a necessary effort to eliminate wasteful expenditures in the federal budget, signaling a pragmatic approach to fiscal management.
Trump Says He’s Directed Treasury to Stop Making New Pennies
Epoch Times·3M·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Ending the production of pennies is a necessary step to eliminate wasteful spending in the country's budget.
Trump announces plan to stop making new pennies, citing production costs
USA TODAY·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The elimination of the penny seems not just practical, but necessary, as its continued production represents a senseless drain on taxpayer dollars.
Trump says he has instructed US Treasury to stop minting new pennies: 'This is so wasteful!'
FOX News·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.The decision to halt penny production reflects Trump's broader commitment to cut government waste and implement efficient fiscal policies, aligning with recent initiatives to streamline federal expenditures.
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost
Associated Press·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The decision to stop minting new pennies reflects a broader drive towards fiscal responsibility, emphasizing the need to eliminate wasteful spending even in the smallest of measures.
Trump: Told Treasury to Stop Minting New Pennies
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Summary
President Trump has instructed the Treasury Department to cease minting new pennies, noting that each one-cent coin costs about 3.7 cents to produce, leading to losses of $85.3 million in fiscal year 2024. This decision aligns with broader spending cuts initiated by Trump's administration. While he argues that the move addresses wastefulness, it remains uncertain whether he can unilaterally stop production without congressional approval. Advocates suggest that eliminating the penny could streamline transactions, following examples from countries like Canada that have already phased out their one-cent coins.
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