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GOP, Dems unite behind Trump's plan to fire penny
Trump's plan to scrap the penny spikes interest for coin collectors
Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint reported. Congress sets currency specifications, so it's unclear whether Mr. Trump has the power to eliminate the penny, but the president might be able to stop the Treasury from minting them.
Trump’s plan to eliminate the penny follows sharp drop in U.S. coin demand at Philadelphia mint
Pennies make up more than half of the coins made at the Philadelphia mint, but coin demand has dropped by nearly 10 billion coins since 2021.
'Makes sense': GOP, Dems unite behind Trump's plan to fire the penny
Democratic and Republican lawmakers spoke with Fox News Digital on Capitol Hill about whether they agree with President Donald Trump's elimination of the penny.
15h
on MSN
Why Small Businesses May Absorb the Costs of Ending the Penny More Than Others
How would businesses be affected by Trump’s order to stop making cents? President Trump has ordered the U.S. Treasury to stop ...
1d
Is Eliminating The Penny Equitable? Its Cost Taxpayers $250,000,000 Over The Past Two Years.
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
1d
Making change: Trump tells US Treasury to stop making pennies. What if we drop the penny?
President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...
1d
Few mourn the US penny as Trump moves to kill it
Nour Ismail, a cashier at the All-Star Deli & Grocery in Manhattan, says the handful of pennies tossed into the bodega's tip ...
1d
on MSN
Is eliminating the penny a good idea? Other countries have already done it
President Donald Trump has ordered the U.S. Treasury to stop minting the penny, reviving the debate over the future of ...
2d
How much does it cost to mint a penny? Trump orders end of penny production
The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla ...
1d
Trump is ‘right’ to order the US to ditch the ‘stupid’ penny, Kevin O’Leary says
President Donald Trump is one cent away from scrapping the US penny and ‘Shark Tank’ star Kevin O’Leary is agreeing with him.
Money Morning
16h
3 Penny Stocks You Haven’t Heard of With Massive Upside Potential
However, it is still profitable and growth is pretty good here. Revenue increased 23% year-over-year to $15.26 million and net income reached $1.44 million. Gross profit margins improved significantly ...
1h
on MSN
People in Hazard give their ‘two cents’ on the penny problem
People in Eastern Kentucky are still using the one-cent coin. Chas Gayheart said pennies make sense. “Well I just have never ...
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