President Donald Trump’s mission to slash federal spending has taken an odd turn as he revealed that the Treasury has been ...

U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President ...

The Trump administration has filed a motion to vacate or modify a temporary restraining order blocking DOGE from accessing Treasury Department payment records.

The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, ...

Now that the complete dismantling of the U.S. Government looks as though it’s going to require a third full week, the people who are paying attention have begun to appreciate the general sequencing of ...

Robert Rubin, Lawrence Summers, Timothy Geithner, Jacob Lew and Janet Yellen are former Treasury secretaries.

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin ...

Each penny cost nearly $0.037 to make in 2024, an increase from $0.031 the previous year, according to the U.S. Mint.

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.” ...

In a Truth Social post, Trump pointed out that the minting of a penny costs more than the actual value of the coin.

Unfortunately for anyone who loves shiny new pennies, President Donald Trump announced on Sunday that he had instructed the ...