The fashion world pondered the future of the iconic shoe after learning that a presidential order might eliminate the penny.

The Salt Lake County Council gave its first nod to a sales tax increase this week that would, in part, add capacity within ...

According to a 2024 U.S. Mint report, it costs nearly 3.69 cents to mint a single penny. The coins are primarily made of zinc and then covered in copper. Trump’s statement comes after Tesla and ...

President Donald Trump has ordered the U.S. to stop minting pennies RICHMOND, Va. -- The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more.

For the 2024 fiscal year, the annual U.S. Mint report said that it takes about 3.7 cents to produce and distribute one penny, a 20% increase from the previous year. The increase has been partly ...

In President Trump's post to his Truth Social platform on Sunday night, he cited how it costs more than triple the value of the penny, to produce one. According to ABC News, the U.S. Mint reported ...

(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 ...

RICHMOND, Va. — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he’s ordered his administration ...

The reason makes sense; it costs close to four cents to mint and distribute a single penny. And the U.S. loses millions of dollars every year producing a coin that’s in the way and pitched out ...

Let's rip the waste out of our great nations budget, even if it's a penny at a time.” According to a 2024 U.S. Mint report, the one-cent coin costs more than 3.69 cents and has exceeded its ...

MIT professor Jeff Gore, who founded Citizens to Retire the Penny, said coins are supposed to stay in circulation for about 30 years and that in the last three decades the U.S. Mint has made about ...