President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of ...

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

The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change.

The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.

President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.

"Let's rip the waste out of our great nations budget, even if it's a penny at a time," Donald Trump wrote on Truth Social.

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.” ...

The penny has been in the crosshairs of Trump officials since he took office. Last month, DOGE, the department run by Tesla ...

Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.

Roosevelt entered office when the United States ... U.S. Treasury Secretary Janet Yellen announced that the government had hit its debt ceiling, the maximum amount of money that the federal ...