Trump Orders End to Penny Production Over High Costs
- President Donald Trump has ordered the Treasury Department to stop minting new pennies due to rising production costs.
- The production of one penny costs more than two cents, according to President Trump.
- The U.S. Mint reported a loss of $85.3 million in the 2024 fiscal year on penny production.
- A cost-cutting initiative led by Elon Musk highlighted the expense of producing pennies in a post on X.
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Coverage Details
Total News Sources0
Leaning Left50Leaning Right42Center103Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
52% Center
L 26%
C 52%
R 22%
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