Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.

Advocates for ditching the penny cite its high production cost — currently almost 4 cents per penny, according to the U.S.

President Trump says he wants the Treasury Department to stop making pennies. He made the announcement yesterday citing the ...

The US penny has become the latest target of President Donald Trump's efforts to cut waste in the federal government, ...

But does making cents really make no sense? Here’s what to know.

Two decades ago, Raymond Lombra, a now-retired economist at Penn State University, warned of a "rounding tax" that could amount to at least $600 million a year if merchants were to routinely add a ...