The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at retail stores, economists said.

President Donald Trump said he has ordered the Treasury Secretary to stop minting new pennies, in a post on his Truth Social platform on Sunday night, citing the cost of production for the coin ...

President Donald Trump said he’s instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact, each US penny ...

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

Whether or not the penny will actually go away is yet to be seen, but there’s still time to begin a coin collection.

President Donald Trump is seeking to end production of new pennies and recently told Treasury Secretary Scott Bessent to make that happen. Trump revealed late Sunday night he had "instructed my ...

It was a question begging to be asked after President Donald Trump announced Sunday that he had ordered Treasury Secretary Scott Bessent to stop minting pennies: What would become of the penny loafer?

He announced that he has directed the Treasury Secretary to halt penny production as part of a broader effort to cut waste in the national budget. “For far too long the United States has minted ...

“This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations [sic] budget, even if it’s a penny at a time.

Nor would it here,” Aaron wrote. The idea of phasing out pennies in the United States is not new: In 1976, William E. Simon, then the treasury secretary, wrote in a memo to President Gerald Ford ...