President Trump said he has directed the Treasury Department to stop making new pennies, citing the rising cost of producing ...

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

O'Leary Ventures Chairman Kevin O'Leary gives his two cents on Trump's announcement that the U.S. will cease production on the penny.

Trump has made the penny his currency target - but it’s the nickel he should worry about - Ending the penny could drive up ...

Does it cost more to produce a penny than it's worth? Yes, it costs more than one cent to produce a penny. According to the Federal Reserve, there are 114 billion pennies in circulation, making up ...

In a bold move to reduce government spending, Trump ordered an end to penny production, citing the rising cost of minting the ...

Advocates for ditching the penny cite its high production cost – currently almost 4 cents per penny, according to the U.S.