The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.

Phrases such as penny for your thoughts or stop being a penny-pincher may have to change — pun intended. President Trump said Sunday he told the U.S. Treasury Department to stop minting pennies.

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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 ...

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 said in a post on his Truth Social platform. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump actually undersold the cost argument ...

Elon Musk, the billionaire part entrepreneur and part Cabinet member known for his groundbreaking and disruptive innovations, including Tesla, SpaceX and Neuralink, has recently been vocal about ...

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 ...