President Donald Trump unveiled plans Sunday to halt production of the penny — but getting that initiative underway requires a few additional steps and possibly congressional approval ...

United States President Donald Trump has ordered the Treasury to stop minting new pennies, reviving an old debate about the value of the one cent coin. The penny, Trump argued in a post on his ...

President Donald Trump’s plans to end penny production have opened the door for a national conversation about currency reform. We tend to see the money in our wallet as static.

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 ...

The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023. The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion coins for circulation ...

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 ...

Since Congress has failed to eliminate the penny in the past, Trump is trying to do so via a direct order to the Treasury secretary. However, many of Trump’s actions are being challenged in court.