President Donald Trump ordered a halt in penny production to cut "wasteful" government spending, saying the coin costs more to make than it's worth.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, but why is he doing it and what could it mean for your change? The move by Trump is the latest in what ...

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The value of the 1-cent coin has been debated for decades.

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

For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a post on Truth Social.

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

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...

Across the other coins — the dime, quarter, and half-dollar — the situation is much better. Per the latest U.S. Mint report, ...

Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the ...

Two decades ago, Raymond Lombra, a now-retired economist at Penn State University, warned of a "rounding tax" that could amount to at least $600 million a year if merchants were to routinely add a ...

President Donald Trump announced he is directing the treasury secretary to stop the production of pennies as a cost-cutting measure.

Federal Reserve Governor Christopher Waller supports stablecoins and sees them as a way to secure the US dollar’s dominance as the world’s reserve currency.