NEW YORK — The impending “death” of the U.S. penny has spotlighted the coin's own price tag — nearly 4 cents to make and distribute each, or quadruple its value. Months after President Donald Trump ...
President Donald Trump’s announcement that he was ordering the Treasury Department to stop minting pennies was cheered on by a group of Washington Post columnists on the paper’s Impromptu podcast.
The penny coin is getting phased out, a cost-cutting move that could ripple through consumer behavior, retailers' pricing strategies and cash transactions. Why it matters: It'll be harder to make ...
WASHINGTON — When President Trump said Sunday night that he would direct the Treasury to stop producing the penny in order to cut costs, he may have wagered that the increasingly irrelevant coins ...