President Trump called the minting of the coin a waste of money, reviving a longstanding debate about getting rid of the penny.

Trump said he wants the Treasury Department to stop minting pennies because of their high manufacturing costs.

President Trump said Sunday that he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut down on what he called wasteful government spending. His remarks revived a long-running debate over whether to get rid of the smallest denomination of U.

President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin."For far too long the United States has minted pennies which literally cost us more than 2 cents.