President Donald Trump's decision to eliminate the penny has garnered bipartisan support from Democratic and Republican lawmakers. Trump announced on Sunday that he had directed the Treasury Department to cease production of new pennies, citing the fact that it costs more than two cents to mint a one-cent coin.
Lawmakers on Capitol Hill expressed agreement with Trump's move, with Rep. Jared Moskowitz, D-Fla., calling it potentially the best decision Trump has made during his time in office. Moskowitz noted that pennies have not been minted since 2023, making their elimination a logical step.
