The cost of the penny has gone up due to the rising costs of its components, which are largely zinc and copper. The penny is ...

Donald Trump has risked the ire of the most superstitious people in the US by announcing the abolition of the penny. The ...

Donald Trump has declared on his Truth Social platform on Sunday that he wants to cease production of the U.S. penny, writing ...

The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies ...

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.

President Donald Trump said late Sunday that he has ordered the U.S. Treasury Department to stop producing pennies. Pennies ...

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.” ...

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

The president previously threatened 25 percent import taxes on all goods from Canada and Mexico, though he paused them for 30 ...

President Donald Trump said he’ll announce Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties ...

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

The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce ‘wasteful’ ...