As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...

“For far too long the United States has ... and fewer 1- and 2-cent coins in circulation, other countries, like Canada, have rounded their cash purchases to the nearest 5 or 10 cents (purchases ...

Every penny costs 3.7 cents to manufacture and the U.S. Treasury lost $85.3 million in 2024 producing them, the U.S. Mint ...

President Trump has ordered the government to stop making pennies, calling the coins "wasteful." Would Arizona, a ...

"For far too long the United States has minted pennies ... According to a 2024 US Mint report, the 5-cent coin also costs more to produce than its face value, with each nickel costing nearly ...

compared with 5.3 billion three years earlier. The United States wouldn’t be the first country to stop minting its 1-cent coin. New Zealand and Australia discontinued their pennies in 1989 and ...

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 ...