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 States has minted ...
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President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying ...
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of ...
Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...
The U.S. Treasury estimates it costs mints, like the one in Denver, nearly four cents to make the one cent coin.
WASHINGTON >>Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his Truth Social media account ...