President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime.

Before President Trump, President Obama was the last to make a strong argument for doing-away with the penny. The latest ...

The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald ...

As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

That's how much it cost the U.S. Mint to make a one-cent coin last year, up from 2.1 cents in 2021. In fact, the agency lost $85.3 million last year on the pennies it produced. But scrapping them ...