The president has ordered the U.S. Treasury Secretary to stop the production of new pennies, the latest move in his ongoing ...

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, but why is he doing it and what could it mean for your change?

would have suspended minting of the penny for 10 years while the Government Accountability Office studied whether the change could be made permanent. In 2023, H.R. 2817 was introduced to change the ...

In 2016, minting a dollar’s worth of pennies cost the federal government $1.43. Just seven years later, the price to produce a single penny is more than three times the coin’s value ...

Over the weekend, President Trump ordered the U.S. Treasury to stop minting pennies, citing wastefulness. The price of ...

Trump’s authority on the issue is questionable, as only Congress has the power to make currency changes under the Constitution. However, Trump said he told Treasury Secretary Scott Bessent to ...

It is Congress, not the Treasury or the Federal Reserve, that authorizes the manufacture of the nation’s coins, according to the U.S. Mint. But he is right that pennies cost more than they are ...