February 10, 2025

Trump halts production of pennies

CNN-  President Trump has instructed the Treasury Department to halt the production of pennies, citing the high cost of producing the coins. "For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful," Trump said in a social media post on Sunday. The penny has been under fire for years, with the movement to eliminate it picking up steam last month after Elon Musk's Department of Government Efficiency called attention to the high cost of production. Experts say the rising cost of metals, including zinc and copper, is part of the reason why it's getting more expensive to make the one-cent coin.

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