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Trump Orders Treasury to Halt Penny Production Over Rising Costs

Name: Trump Orders Treasury to Halt Penny Production Over Rising Costs
Uploaded: 2025-02-10T18:20:00-08:00
Channel: NBC Palm Springs
Description: President Donald Trump announced on social media that he has directed the Treasury Department to stop minting new pennies, citing the high cost of production. The U.S. Mint lost over $85 million last year making pennies, which cost nearly four cents each to produce. However, it remains unclear whether the president has the authority to eliminate the coin without congressional approval.

By: NBC Palm Springs

February 10, 2025

Trumppenny productionUS MintTreasury Departmentcoin costscurrency policyCongresspenny elimination

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