The penny may soon be obsolete because President Trump told the treasury department to stop making them. FOX 5 NY's Meredith Gorman has the details.
“As well as saving taxpayers hundreds of millions of dollars, there are major environmental benefits to eliminating the penny. This is a great move,” PolisBirthright citizenship is a noble idea— and the Supreme Court should help Trump end it
In December, Polis tagged the president’s Department of Government Efficiency head Elon Musk in an X post highlighting the potential for annual savings in the nine-figure range if penny production is halted. “Eliminating the penny would save over $300,000,000 per year and replacing the dollar bill with a dollar coin would save over a billion dollars a decade,” theThe penny, which is made of zinc with a copper overlay, cost 3.07 cents to make in 2024, per the US Mint.The cost of manufacturing a penny was about 3.7 cents in fiscal year 2024, according to the US Mint, which noted that it lost $85.3 million on the more than 3 billion pennies it produced last year.
Taylor Swift jets out of New Orleans after Travis Kelce and the Chiefs’ devastating Super Bowl 2025 loss Bill Belichick’s much younger girlfriend Jordon Hudson has a blast when classic rapper plays Rao’s Super Bowl bash — coach seemingly prefers Bon JoviThe penny, which is made of zinc with a copper overlay, cost 3.07 cents to make in 2024, per the US Mint.How Taylor Swift is comforting Travis Kelce after Chiefs' Super Bowl 2025 loss — and what's next for their relationship
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