President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional approval? What we know.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.

Economists have called for the elimination of the penny for decades, but Trump’s authority to unilaterally do so is far from clear. President Donald Tump’s recent declaration that he has ordered the Treasury Department to stop minting new pennies has raised legal and constitutional questions.