As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.
Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).
The Constitution is silent, though, on whether the president has to spend all the money appropriated or, in other words, ...
While it’s not clear how the penny will be taken out of circulation or if Congressional approval is required, one thing is for sure, the penny isn’t the only thing that is going or has gone away.
The US Department of Justice (DOJ)’s Attorney General, Pam Bondi, recently released over a dozen memoranda on a variety of policies – ranging ...
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President Donald Trump is hosting Jordan’s King Abdullah II at the White House on Tuesday as he escalates pressure on the Arab nation to take in refugees from Gaza — perhaps permanently — as part of ...
If you wonder why the penny is going the way of the dodo bird, try to find a penny gumball machine. A penny simply isn’t ...
China went from one of the poorest countries in the world to global economic powerhouse in a mere four decades. Currently ...
President Trump called the minting of the coin a waste of money, reviving a longstanding debate about getting rid of the ...
President Trump on Sunday announced that he asked the Treasury Department to stop producing pennies, calling the one cent coin wasteful. He said in a Truth Social post that he told Treasury ...
The lawsuit also argues that DOGE's access poses cybersecurity risks. "Nineteen States bring this action against Treasury, the Treasury Secretary, and the President to put an end to this new ...
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