Donald Trump orders the Treasury to stop minting pennies, citing high production costs. His administration's cost-cutting ...

President Trump said Sunday that he has instructed Treasury Secretary Scott Bessent to "stop producing new pennies."Why it matters: Trump's Truth Social post comes after the Department of Governmental ...

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

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

Two decades ago, Raymond Lombra, a now-retired economist at Penn State University, warned of a "rounding tax" that could amount to at least $600 million a year if merchants were to routinely add a ...

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

Trump says he has directed Treasury to stop minting new pennies, calling the coin 'wasteful.' ...

U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President ...

President Trump on Sunday announced that he asked the Treasury Department to stop producing pennies, calling the one cent coin wasteful. He said in a Truth Social post that he told Treasury ...

The Chiefs will try to become the first team to win three straight Super Bowls when they face the Eagles in the Superdome. It ...

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