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.” ...

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 ...

Proponents of eliminating the coin have cited cost savings on their production and speedier checkouts at cash registers.

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

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

Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.

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 ...

President Trump ordered the Treasury Department to stop making new pennies because the government loses money on them, he ...

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.