President Donald Trump directed the United States Treasury to stop minting new pennies, citing the cost to make pennies surpasses the value.

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

To distract from his larger plan to gut the federal government, the President has taken a relatively powerless program and turned it into an excuse for everything that goes wrong in the country.

At least one corner of the zinc lobby doesn't appreciate President Trump's penny pinching plan. Why it matters: The ...

It is unclear whether Trump has the power to unilaterally eliminate the lowly one-cent coin. Currency specifications — ...