"President Donald Trump told Treasury Secretary Scott Bessent to stop minting pennies. He wrote on Truth Social:
For far too long the United States has minted pennies which literally cost us more than 2 cents. 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. . . .
US MINT: In 2024, each penny cost 3.69 cents to make — the 19th straight year its production cost more than its value. pic.twitter.com/NL3Qt3teqk
— Rapid Response 47 (@RapidResponse47) February 10, 2025
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