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President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...

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U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President ...

President Donald Trump announced on Truth Social that he had ordered the Treasury secretary to stop producing pennies, saying minting each coin costs more than 2 cents.

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 ...

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