Treasury Secretary Scott Bessent says there is an audit every year and that “all the gold is present and accounted for" at ...

President Trump called the minting of the coin a waste of money, reviving a longstanding debate about getting rid of the ...

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 ...

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote on Truth Social.

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 penny’s fate remains uncertain. No executive order has been published regarding the president’s penny directive, and the ...

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

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

The United States has moved into new and uncharted territory after President Donald Trump ordered the U.S. Mint to stop ...

President Trump said he wants the U.S. Treasury to stop making pennies. Can he do a penny drop? Does it need Congressional ...

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. “For far too long the United States has minted .