Trump Tells Treasury Secretary to Stop Minting New Pennies (1)

President Donald Trump said he has ordered a stop to minting new pennies because they cost more to make than they’re worth.

He announced that he has directed the Treasury Secretary to halt production of the one-cent coin featuring Abraham Lincoln as part of a broader effort to cut waste in the national budget.

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” he said in a Truth Social post. “This is so wasteful!”

The Elon Musk-led Department of Government Efficiency said in January that each penny costs more than 3 ...