New York CNN —
President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” he said in a post on his Truth Social platform. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”
Trump actually undersold the cost argument — pennies cost more than 3 cents to produce.
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