The cost of making a penny was nearly 3.7 cents in Fiscal Year 2024, the U.S. Mint says. ... P resident Trump on Sunday ...

President Trump claims he has instructed the U.S. Treasury Department to stop producing pennies, calling the 1-cent coin wasteful.

Billionaire Elon Musk outlined a list of "super obvious" changes that his Department of Government Efficiency (DOGE) plans to make at the U.S. Treasury Department this weekend. Musk says officials ...

The U.S. Mint’s annual report for 2024 found that a penny costs 3.69 cents to make. Its production resulted in a loss of $85 million for the Mint last year.