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 ...