No longer will you be able to offer someone “a penny for your thoughts.” The next generation won’t even know what penny loafers are. That’s because President Trump has announced the ...

WASHINGTON – Americans have a message for the penny: Good riddance. Around the country, people of all ages are expressing giddiness, relief ‒ as well as a bit of wistfulness ‒ over ...

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 ...

The cost of making a penny has risen to more than twice the coin's face value. As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies ...

President Donald Trump unveiled plans Sunday to halt production of the penny — but getting that initiative underway requires a few additional steps and possibly congressional approval.

Due to inflation, it now costs a nickel for your thoughts instead of a penny. Over the weekend, President Trump ordered the U.S. Treasury to stop minting pennies, citing wastefulness. The price of ...

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 ...

The familiar Abraham Lincoln penny cost about 3.7 cents to produce in fiscal year 2024, according to the U.S. Mint's annual report. A nickel cost about 13.8 cents to make. Pennies were among the ...

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 ...

On the flip side, the group Americans for Common Cents says getting rid of the penny would actually cost the government more money, because there’d be more demand for nickels, and those are even ...

(NEXSTAR) — In a move potentially foretold by the Department of Government Efficiency (DOGE), it seems the U.S. could be on the verge of ending penny production. President Donald Trump on Sunday ...

President Donald Trump has ordered the U.S. Treasury to end penny production, calling it “wasteful” — but the nickel may be the real problem. Trump made the call on Sunday while attending ...