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

The 95% copper cent of the 1970s became worth more than the face value after that decade’s high inflation, so in 1982, the ...

Mr. Trump wrote in Truth Social post on Sunday. "I have instructed my Secretary of the US Treasury to stop producing new pennies." Every penny costs 3.7 cents to manufacture and the U.S. Treasury ...

It was a question begging to be asked after President Donald Trump announced Sunday that he had ordered Treasury Secretary Scott Bessent to stop minting pennies: What would become of the penny loafer?

President Donald Trump is seeking to end production of new pennies and recently told Treasury Secretary Scott Bessent to make that happen. Trump revealed late Sunday night he had "instructed my ...

The cost of making a penny has risen to more than twice the coin's face value. As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies ...

President Donald Trump wants the U.S. to stop making the coins. On Sunday, he posted on Truth Social that he's instructed the Secretary of the U.S. Department of the Treasury to stop minting the ...

“This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations [sic] budget, even if it’s a penny at a time.