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 ...

(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 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 ...

Trump said in a Truth Social post Sunday. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The one-cent coin was one of the first made by the U.S. Mint more ...

Vice President Vance celebrated the news that the prestigious venture capital firm Andreessen Horowitz hired Daniel Penny, a Marine veteran who was acquitted two months ago of a negligent homicide ...

Daniel Penny, who in December was acquitted of criminally negligent homicide for a chokehold in response to a man's violent outburst of death threats against other riders on a New York City ...

Daniel Penny has landed a powerhouse finance career just two months after being acquitted in the subway chokehold case over the death of Jordan Neely. The 26-year-old ex-Marine has been picked ...

Let’s rip the waste out of our great nations [sic] budget, even if it’s a penny at a time.” In the FOX interview before the Philadelphia Eagles whipped the Chiefs, Trump was asked by Fox ...

WASHINGTON, Feb 9 (Reuters) - U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his ...

LET’S RIP THE WASTE OUT OF OUR GREAT NATION’S BUDGET. EVEN IF IT’S A PENNY AT A TIME, THE U.S. MINT LOST $85.3 MILLION IN THEIR 2024 FISCAL YEAR, MAKING NEARLY 3.2 BILLION PENNIES.

Talk to end the penny's production has been bandied about for decades among government officials and economists. However, the talk became policy when, over the weekend, President Donald Trump ...