President Donald Trump’s mission to slash federal spending has taken an odd turn as he revealed that the Treasury has been ...

President Trump announced on Sunday night that he plans to eliminate the manufacturing of pennies, which cost more than they ...

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin.

The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, ...

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

Each penny cost nearly $0.037 to make in 2024, an increase from $0.031 the previous year, according to the U.S. Mint.

Trump orders an end to US penny production, citing high costs. The US Mint lost $85.3M in 2024 alone. Will Congress approve ...

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.” ...

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

Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the ...

President Trump says he has instructed the U.S. Treasury to stop producing new pennies, calling the minting of the coin a waste of money.