President Donald Trump has ordered the U.S. Treasury to stop minting new pennies, citing high production costs. In a post on Truth Social, Trump called the coin a waste of taxpayer money, stating that pennies “literally cost us more than two cents” to produce.

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Trump orders Treasury Department to stop minting new pennies

6 days ago 0:49

Trump orders halt to production of pennies, citing high costs, but move's legality uncertain without congressional approval.

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