President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.

President Donald Trump announced that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing the one-cent coins. CNN’s Rosemary Church ...

U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President ...

Scott Bessent, the new US Treasury Secretary under Trump’s administration, has a monster-sized mission. He’s been handed an ...

The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, ...

America’s store of gold seems to be burning a hole in the pocket of our new Treasury secretary, Scott Bessent. That’s the ...

Federal Judge Paul Engelmayer's ruling baring DOGE from accessing Treasury data may also bar Secretary Bessent, according to legal experts and conservative critics.

"Let's rip the waste out of our great nations budget, even if it's a penny at a time," Trump wrote on Truth Social.

"Let's rip the waste out of our great nations budget, even if it's a penny at a time," Trump wrote on TRUTH Social.

President Donald Trump announced on Monday he has directed Treasury Secretary Scott Bessent to cease penny production, following recent criticism of the coin's costly manufacturing process.

In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.