President Trump has ordered the Treasury Department to stop minting new pennies, citing increasing production costs as the reason for this decision.

On February 10, 2025, President Donald Trump announced that he has instructed the Treasury Department to cease the production of new pennies due to the escalating costs associated with manufacturing this one-cent coin. The President highlighted that the financial implications have rendered the minting of pennies increasingly impractical.

In conclusion, President Trump’s directive to halt penny production underscores concerns regarding the rising costs of minting these coins. This decision reflects an effort to streamline currency production and address economic inefficiencies.

Original Source: www.goshennews.com