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 ...

President Trump wants to end production of the penny It takes about 3.7 cents to produce and distribute one penny A 233-year run could be over. President Donald Trump announced Sunday that he is ...

He’s right — in fact, each US penny costs 3.7 cents to produce and distribute as of 2024. Pennies and nickels cost more than they were worth for the 19th consecutive fiscal year, according to ...

Elon Musk's Department of Government Efficiency is targeting one of the federal government's most notorious examples of waste: the penny. Getting rid of the penny would be an early test of DOGE's ...

take a penny’ dish. One of the most compelling reasons to eliminate the penny is that it costs more to produce than its face value. According to the U.S. Mint, it costs about 2.7 cents to ...

On Saturday morning, Trump announced he nominated Penny Schwinn, the former commissioner of the Tennessee Department of Education, as deputy secretary of the U.S. Department of Education.

WASHINGTON, Feb 9 (Reuters) - U.S. 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 ...