From Cheddar.

The U.S. Mint says each penny costs $3.69 to produce, and over 3.2 billion were minted in 2024 alone.

Now, two House lawmakers have introduced a bipartisan bill to eliminate them, and Trump has already ordered the Treasury to stop minting the coin.

Cheddar Correspondent Margaret Chadbourn breaks down what this could mean for your money and why Congress might finally pull the plug on the penny.

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