President Trump said Sunday that he had asked the U.S. Treasury Department to stop minting new pennies, part of an effort to cut down on what he called wasteful government spending.

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Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.

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Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...

Unlike living creatures or fads, coins don't become extinct due to ecological changes, predators, overexposure or boredom.

President Donald Trump ordered a halt in penny production to cut "wasteful" government spending, saying the coin costs more to make than it's worth.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, but why is he doing it and what could it mean for your change?

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. Trump wrote in a post Sunday ...

For far too long the United States has minted pennies which literally cost us more than 2 cents,” the president said in a post on Truth Social.

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In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.