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,” Trump posted on his social ...

US Stops Penny Production | US Coin Production News | US Cent Coin Production | Trump News | US News Trump on Feb 9 said he ...

President Donald Trump’s mission to slash federal spending has taken an odd turn as he revealed that the Treasury has been ...

South Africa’s rand and bonds weakened on Monday after U.S. President Donald Trump announced fresh tariff plans, adding to ...

It is unclear whether Trump has the power to unilaterally eliminate the lowly one-cent coin. Currency specifications — ...

President Trump claims he has instructed the U.S. Treasury Department to stop producing pennies, calling the 1-cent coin wasteful.

President Trump on Sunday announced that he asked the Treasury Department to stop producing pennies, calling the one cent ...

President Donald Trump signed yet another executive order on Friday, Feb. 7, but the latest had little to do with the United States. Instead, it addressed South Africa, freezing aid to the country ...

Jones relates in his proposal that Congress has found: * The cost of producing a one-cent coin exceeds its face value, leading to significant financial waste. (According to the U.S. Mint’s 2024 ...

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