It actually costs more than a penny to make a penny.
November 26, 2015 Treasury Secretary Jack Lew says the government is reviewing a proposal to stop making the penny. It actually costs nearly 2 cents to make a penny, so the government loses money.
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Jack Lew, current White House chief of staff. He's likely to be the nominee for treasury secretary.
Jonathan Ernst /Reuters /Landov
January 9, 2013 Lew, who earlier was budget director in both the Obama and Clinton administrations, has long been thought to be the leading candidate to replace Timothy Geithner.
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