President Trump said he has directed the Treasury Department to stop making new pennies, citing the rising cost of producing ...

President Donald Trump said he wants to end the production of pennies, calling them “wasteful.” Each coin costs 3.7 cents to ...

Elon Musk's so-called Department of Government Efficiency raised the prospect in a post on X last month highlighting the ...

The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies ...

President Trump announced Sunday that he asked the Treasury Department to stop producing pennies, calling the 1-cent coin ...

U.S. laws give Secretary of the Treasury Scott Bessent the authority to make the coins he “decides are necessary to meet the ...

Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.

O'Leary Ventures Chairman Kevin O'Leary gives his two cents on Trump's announcement that the U.S. will cease production on the penny.

In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.

SAN ANTONIO — President Trump announced Sunday that he is telling the Treasury Department to stop minting pennies. We looked ...