A fter 233 years in circulation, the U.S. government is finally phasing out the penny. According to a Treasury Department spokesperson, the U.S. Mint has made its last purchase of penny blanks and ...

Should you cash in your pennies? The small currency will soon be a thing of the past, but don't think you are sitting on a ...

Minting pennies just doesn't make much cents anymore. President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after Elon Musk's ...

As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies, ordering his Treasury Secretary to stop the U.S. Mint from producing new 1-cent ...

Lawmakers added a $50 billion program for rural health to President Donald Trump’s massive tax and spending package with ...

I n the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny.Since the lowly penny in 2024 cost about 3.7 cents to make-- meaning the ...

Whether Trump can simply force the penny into retirement is unclear. Some economists say Treasury Secretary Scott Bessent can comply with the president’s order by no longer requesting new pennies.