President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing ...

President Trump has owned a football team, waded into controversial discussions about race in the sport, and is now the first ...

President Trump said Sunday that he has instructed Treasury Secretary Scott Bessent to "stop producing new pennies." Why it matters: Trump's Truth Social post comes after the Department of ...

President Trump on Sunday announced that he asked the Treasury Department to stop producing pennies, calling the one cent ...

President Trump said that the coins cost more to produce than their face value. President Trump said on Sunday night that he ...

President Trump announced on Sunday night that he plans to eliminate the manufacturing of pennies, which cost more than they ...

In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.

Two decades ago, Raymond Lombra, a now-retired economist at Penn State University, warned of a "rounding tax" that could amount to at least $600 million a year if merchants were to routinely add a ...