It's not clear if Trump has the power to simply do away with the penny. The Constitution gives Congress control of currency ...

President Donald Trump said on Sunday that he had instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right ...

The U.S. Mint said in fiscal 2024, it took about 3.69 cents to produce and distribute one penny, a 20.2% increase from 2023.

While the answers to this question are multifaceted, the wisdom of one of America’s founding fathers, Benjamin Franklin, offer a roadmap for us today. Franklin was more than just a statesman ...

Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the Treasury secretary to stop minting America’s one-cent coins.

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 ...

Albanese will cite the defence alliance with America and the economic damage to American workers in a dual-themed argument to exempt Australia from the 25 per cent tariffs, amid fears of a ...

The banks had originally planned to sell around $3 billion at around 95 cents on the dollar, The Wall Street Journal had reported. They upsized the deal after seeing demand from investors ...

When he was asked for his two cents’ worth on Super Bowl LIX, President Donald Trump picked the Kansas City Chiefs because quarterback Patrick Mahomes has won three NFL championships — and ...

The US President has told the US Treasury to no longer mint 'wasteful' one cent coins as he vowed to save American taxpayers' money 'a penny at a time'. Mr Trump claimed it 'literally costs us ...

Without financial common sense as written by Benjamin Franklin in "The Way to Wealth", "We are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our ...