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.” ...

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

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

The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change.

KEY TAKEAWAYS President Donald Trump said he has instructed the US Treasury Secretary to stop minting new pennies, citing the ...

President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of ...

President Donald Trump ordered a halt in penny production to cut "wasteful" government spending, saying the coin costs more to make than it's worth.

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

"Let's rip the waste out of our great nations budget, even if it's a penny at a time," Trump wrote on TRUTH Social.