Amid the recent flurry of Trump's often contentious executive orders, he announced Sunday night that he'd ordered Treasury Secretary Scott Bessent to halt the production of the 1-cent coins ...

Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” It’s not the first time politicians have mulled the reform of the one-cent coin. “Anytime we’re ...

Copyright 2025 The Associated Press. All Rights Reserved. President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the ...

WASHINGTON (AP) — 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. “For far too long the United ...

Phrases such as penny for your thoughts or stop being a penny-pincher may have to change — pun intended. President Trump said Sunday he told the U.S. Treasury Department to stop minting pennies.

A PENNY at the U.S. Mint in Denver in August 2007. President Donald Trump has ordered production cease on the 1-cent coin, which costs more than it’s worth, according to the U.S. Mint.

RICHMOND, Va. (AP) — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more.

But does making cents really make no sense? Here’s what to know. The penny was one of the first coins the U.S. Mint made shortly after its establishment in 1792. Once larger and made of pure ...

How much does it cost to make a penny? For fiscal year 2024, the annual U.S. Mint report said it takes about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.

RICHMOND, Va. (AP) — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he’s ordered his administration to ...