No more minting 'wasteful' pennies, Trump tells Treasury
The US President cites rising costs as the reason for discontinuing production of the one cent coin
Read more at BBC News
-
Why Trump is going after the penny
President Trump ordered the Treasury Department to stop minting new pennies, citing the rising cost of production. Kelly O'Grady explains.CBS News - 22m -
Trump takes aim at 'wasteful' government spending by ordering end to penny production
The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' government spending.CNBC - 9h -
Trump Expects Musk to Find Billions in Pentagon Waste Next
The Pentagon’s budget is roughly $1 trillion per year.Inc. - 18h -
Trump directs Treasury to stop minting new pennies, citing cost
The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.CBS News - 20h -
Trump Orders Treasury to Halt Minting New Pennies to Cut Waste
Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.”The New York Times - 9h -
Trump says he has directed U.S. Treasury to stop minting new pennies, citing rising cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.NBC News - 20h -
Trump directs Treasury to stop making pennies
President Trump on Sunday announced that he asked the Treasury Department to stop producing pennies, calling the one cent coin wasteful. He said in a Truth Social post that he told Treasury ...The Hill - 22h -
Live updates: Trump leaves Super Bowl, directs Treasury to stop making pennies
President Trump picked the Kansas City Chiefs to win the Super Bowl on Sunday in an interview with Fox News’s Bret Baier that aired just before kickoff. “I guess, you have to say that when a ...The Hill - 23h -
Trump’s ‘interesting problem’ with Treasuries
Debtcon 1Financial Times - 1d
More from BBC News
-
MP behind assisted dying bill suggests scrapping High Court approval
It comes after concerns were raised over the court's capacity to hear each individual case.BBC News - 3h -
Hamas blames Israel as it postpones hostage release
Israel's defence minister calls the Hamas announcement a "complete violation of the ceasefire agreement".BBC News - 27m -
Smuggling gangs have taken hold, Cooper says during border debate
MPs are holding a debate in the House of Commons on Labour's plans to overhaul border measures.BBC News - 2h -
Hundreds of tractors block Westminster in inheritance tax protest
Farmers from across the UK protesting in London against changes to inheritance tax.BBC News - 6h -
UK must respect Trump's mandate, new US ambassador tells BBC
In his first day on the job, Lord Peter Mandelson says "we have to respect and understand what drives" the US president.BBC News - 2h
More in Top stories
-
Plane Crash at Scottsdale Airport Kills 1 and Injures 3, Officials Say
Emergency crews at Scottsdale Airport were still working to extract one person from the crash site hours after the fact.The New York Times - 16m -
1 dead, at least 3 injured after planes crash on Arizona runway
The PGA Tour's Phoenix Open was held over the weekend in Scottsdale. It is typically one of the busiest times of year for the airport.CBS News - 16m -
Analyzing Trump's growing appeal among young voters
President Trump likes to boast about how well he did with young voters in the 2024 election. He credits a wave of Republican podcasters and social media influencers for his growing support among ...CBS News - 21m -
Why Trump is going after the penny
President Trump ordered the Treasury Department to stop minting new pennies, citing the rising cost of production. Kelly O'Grady explains.CBS News - 22m -
Judge Rules That Trump Administration Defied Order to Unfreeze Billions in Federal Grants
The federal judge in Rhode Island said the Trump administration had failed to comply with his order unfreezing billions of dollars in federal grants.The New York Times - 23m