President Trump announced on Sunday that he directed the U.S. Treasury Department to halt the minting of new pennies. The ...

As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies, ordering ...

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.” ...

Let’s rip the waste out of our great nation's budget, even if it’s a penny at a time,” President Donald Trump pronounced last night on Truth Social, even as he returned to Washington, D.C., from a ...

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

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 ...

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.

Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.

For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a ...