Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint ...

Over the weekend, President Trump ordered the U.S. Treasury to stop minting pennies, citing wastefulness. The price of ...

In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since ...

Eliminating the penny via a social media post, like President Donald Trump did,, isn't just legally dubious. It could cause more problems than it solves.

Donald Trump isn’t the first to dream about getting rid of lowest denomination US coin, nor is the US the only country to see ...

The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...

In other words, the penny has lost 90% of its purchasing power. This devaluation is a failure of a runaway government that ...

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.

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.” ...

The U.S. Treasury is ending penny production due to high costs and low usage, sparking debate over its financial benefits and ...

President Trump says he wants the Treasury Department to stop making pennies. He made the announcement yesterday citing the ...