Trump's plan to scrap the penny spikes interest for coin collectors
CBSN
Can a penny saved finally be truly worth it? Collectors are asking that question this week after President Trump ordered the U.S. Treasury Department to stop minting the penny.
"For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" Mr. Trump wrote in a post Sunday night on Truth Social. "I have instructed my Secretary of the US Treasury to stop producing new pennies."
Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint reported. Congress sets currency specifications, so it's unclear whether Mr. Trump has the power to eliminate the penny, but the president might be able to stop the Treasury from minting them.
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When the Environmental Protection Agency was formed in 1970, its mission was to protect the environment and human health. Since then, scientists, health experts and advocates have worked to implement regulations aimed at protecting and cleaning the air we breathe and the water we drink. Many of these regulations, which were aimed at cleaning up the air, also helped reduce carbon emissions, which can contribute to climate change – so it was a win for our bodies and the planet.