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

Trump is so determined to restore sanity to federal finances that he is leaving no stone unturned when it comes to looking ...

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

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

President Donald Trump has ordered the U.S. Treasury to end penny production, calling it “wasteful” — but the nickel may be ...

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.

Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...

President Trump announced Sunday that he ordered the U.S. Mint to stop printing the U.S. penny, saying it "literally cost us more than two cents." Trump's action is the latest move in a decades-long ...

John McCain and Jim Kolbe tried for years to get rid of the penny. Now a politician they could barely tolerate, Donald Trump, ...

President Trump said Sunday he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut ...

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The value of the 1-cent coin has been debated for decades.