A nickel may be worth 5 cents but costs nearly 14 cents to make. With the penny possibly being eliminated, the Treasury wants ...

President Trump in February announced on social media he had directed the Treasury Department to stop minting new pennies, ...

A bipartisan group of lawmakers introduced legislation Wednesday to eliminate the production of the penny, after President ...

They say pennies are a waste of taxpayer dollars and that halting production would cut waste and boost efficiency. President ...

It’s also unclear whether the Treasury Department can unilaterally stop minting new pennies. The U.S. Congress controls the size and metal content of circulating coins. Last year, the U.S. Mint ...

Senator Lummis, along with New York Senator Kirsten Gillibrand, Representative Lisa McClain (R-MI), and Representative Robert ...

In 2024, each penny cost 4 cents to mint and distribute, according to the Treasury Department. The production cost of a nickel was nearly 14 cents. As concern grows with the nickel's more ...

The proposed legislation comes nearly three months after Trump announced on social media he had directed the Treasury Department to stop minting new pennies, citing the rising cost of production.

President Donald Trump said earlier this year he directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. Though it was unclear at the ...