Trump Orders Halt on Minting New Pennies, Citing High Production Costs
2025-02-10
The Associated Press
In a surprise move, President Donald Trump has directed the Treasury Department to stop producing new pennies, citing the significant cost of minting the one-cent coins. The decision aims to reduce expenses and optimize budget allocation. With the rising cost of metal and production, the move is expected to have a notable impact on the US economy. As the nation looks for ways to cut costs, the penny's future remains uncertain. The US Treasury will focus on exploring alternative solutions to minimize losses. Economic experts predict this change will have far-reaching effects on the country's financial landscape and budget management strategies.