President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin. “For far too long the United States has minted pennies which literally cost us more than 2 cents.

Former Treasury Secretaries penned an op-ed Monday expressing their concerns that officials at Elon Musk’s “Department of Government Efficiency” (DOGE) gained access to the federal payment

A federal judge early Saturday temporarily blocked billionaire Elon Musk's government efficiency team from accessing government systems used to process trillions of dollars in payments, citing a risk that sensitive information could be improperly disclosed.

The US Treasury Department’s payment servers hold the tax returns, social security data and bank account numbers of every adult citizen of the United States. They are, one would assume, among the most highly secured servers on earth and yet it seems that all the employees of Elon Musk’s Department of Government Efficiency (DOGE) needed to do to access these systems after January 20 was to walk into Treasury Department offices and demand access to the servers’ credentials.