President Donald Trump has ordered the U.S. Treasury to cease minting the penny coin in a bid to cut government spending, USA Today reported. But the move could lead to price increases for U.S.

President Donald Trump has directed the U.S. Treasury to cease the production of pennies, aiming to curb unnecessary ...

Proponents of eliminating the coin have cited cost savings on their production and speedier checkouts at cash registers.

MILWAUKEE - As President Donald Trump continues to unveil new executive actions within his first month in office, the commander in chief is now targeting ...

Why does Trump want to stop minting the penny? The coin now costs more than two cents to produce, Trump stated in a post on ...

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.

For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” ...

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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 ...

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