Trump's plan to scrap the penny spikes interest for coin collectors

As Trump aims to ax the penny, these are the coins that cost more than they're worth

Data from the U.S. Treasury shows that it costs nearly 4 cents to produce a single penny and nearly 14 cents to produce a nickel.

NBC News - Feb. 11

The Penny Isn’t Just a Coin: It’s Marketing the American Dream

Yes, the United States loses $85 million minting the penny. But what if we thought of it as a marketing asset, part of Brand America?

Inc. - 2d

Honda and Nissan Scrap $50 Billion Merger Plan

The Japanese companies’ decision to call off negotiations highlights the challenges legacy automakers face in partnering to tackle new technologies.

The New York Times - 5d

How much does it cost to make a penny, and are we 'losing' money on other coins?

Really, a roll of 50 pennies costs you more than $1.50.

The Hill - Feb. 10

Trump blames Biden for January inflation spike

New government data shows inflation is up 3% on an annual basis. In reaction to the hot report, President Trump blamed the surge on his predecessor, saying "BIDEN INFLATION UP!" Political ...

CBS News - 6d

Why Trump is going after the penny

President Trump ordered the Treasury Department to stop minting new pennies, citing the rising cost of production. Kelly O'Grady explains.

CBS News - Feb. 10

Trump’s ‘interesting problem’ with Treasuries

Debtcon 1

Financial Times - Feb. 9

Consumer Advocacy Group Launches Investigation Into Trump’s Meme Coin

Public Citizen urged federal agencies to recommend stopping of the sale of the meme coin $Trump.

Inc. - Feb. 6

Unemployment spikes in Washington, D.C., as Trump and Musk begin efforts to shrink the government

Since Trump has taken office, nearly 4,000 workers have filed for unemployment insurance as part of a surge that began at the start of the new year

CNBC - 3d

Unemployment spikes in Washington, D.C., as Trump and Musk begin efforts to shrink the government

President Donald Trump’s moves to fire thousands of federal government workers have coincided with a surge in jobless claims in Washington, D.C., that could get worse as the efforts intensify.

NBC News - 2d

Trump directs Treasury to stop making pennies

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 Hill - Feb. 10

No more minting 'wasteful' pennies, Trump tells Treasury

The US President cites rising costs as the reason for discontinuing production of the one cent coin

BBC News - Feb. 10

Vance Challenges Courts’ Power, and Trump Targets the Penny

Plus, why golden retrievers keep losing.

The New York Times - Feb. 10

Google scraps its diversity hiring goals as it complies with Trump's new government contractor rules

Google is scrapping some of its diversity hiring targets, joining a lengthening list of U.S. companies that have been abandoning or scaling back their diversity, equity and inclusion programs

ABC News - Feb. 5

From Dogecoin to $Trump: everything you need know about the wild world of meme coins

Are they the same as crypto, why has the US president launched one, and who’s really coining it in? Here’s a complete guide to the latest digital money mania. Three days before his inauguration as ...

The Guardian - Feb. 9

Trump’s latest tariff bid shows the old rules of trade no longer apply. Scraps of paper will not save us | Greg Jericho

A 25% tariff on all steel and aluminium imports, as flagged by the US president, is more evidence that Australia cannot rely on our ally to do good by us. News that the US president, Donald Trump, ...

The Guardian - Feb. 10

Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses

Some traders made tens of millions off a new cryptocurrency launched by President Trump and his sons. Many others lost out.

The New York Times - 6d

Trump to set tariffs on aluminum and steel; orders end of of pennies

President Donald Trump announces that “any steel coming into the United States is going to have a 25% tariff” as the fate of the penny hangs in the balance after he instructs the Treasury to stop ...

NBC News - Feb. 10

Trump Orders Treasury to Halt Minting New Pennies to Cut Waste

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.”

The New York Times - Feb. 10

Trump takes aim at 'wasteful' government spending by ordering end to penny production

The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' government spending.

CNBC - Feb. 10

Colorado's Polis backs Trump's halt on penny production: 'Great move'

Colorado Gov. Jared Polis (D) on Monday backed President Trump’s direction to halt penny production, calling it a “great move.” On Sunday, Trump announced that he had requested that the Treasury ...

The Hill - Feb. 10

Making sense of the penny debate as Trump calls for halt in production

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. NBC News’ Brian Cheung explores the spirited ...

NBC News - Feb. 10

Trump directs Treasury to stop minting new pennies, citing cost

The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.

CBS News - Feb. 10

Trump counts pennies while Social Security and Medicare burn

Trump’s latest idea may be popular, but won’t get us far.

MarketWatch - Feb. 11

Trump's order to discontinue the penny doesn't add up: Expert

As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

ABC News - Feb. 11

A Trump peace plan for Ukraine?

Reports suggest a proposed US peace plan could be unveiled this week.

BBC News - Feb. 8

Trump’s nitwitted Gaza plan

Let’s move the 2 million permanently out of Gaza. But where? And how? And who will take them? Unclear.

The Hill - Feb. 10

Trump wants interest rate cuts. The market isn't buying it.

Just before the release of Wednesday’s monthly consumer price report, President Donald Trump called for lower interest rates in a post on his Truth Social platform.

NBC News - 6d

Trump's comments won't affect interest rate decisions by the Fed, Powell says

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions

ABC News - 6d

Trump on whether Ukraine, Russia are equal in peace talks: 'It's an interesting question'

President Trump on Wednesday would not say whether he considers Ukraine to be an “equal member” of efforts to end the war between Moscow and Kyiv, as his administration pushes for negotiations ...

The Hill - 6d

Where's the outrage? 'Trump World Inc.’s' many conflicts of interest

President Trump's business empire, Trump Media and Technology Group, is a public company that allows anyone to invest and potentially leads to conflicts of interest with his political activities.

The Hill - 4d

Jeffries says Trump, GOP show 'no interest' in lowering costs of living

House Minority Leader Hakeem Jeffries (D-N.Y.) slammed President Trump and elected Republicans on Sunday for appearing not to prioritize lowering costs for Americans, arguing it was a core campaign ...

The Hill - 2d

Trump Pushes Business Interests in Golf, Mideast and New York as Conflicts Abound

Norms recognized for decades in Washington by both parties no longer appear to apply to the Trump White House, former prosecutors and ethics lawyers say.

The New York Times - 23h

Live updates: Trump leaves Super Bowl, directs Treasury to stop making pennies

President Trump picked the Kansas City Chiefs to win the Super Bowl on Sunday in an interview with Fox News’s Bret Baier that aired just before kickoff. “I guess, you have to say that when a ...

The Hill - Feb. 10

Trump says he has directed U.S. Treasury to stop minting new pennies, citing rising cost

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.

NBC News - Feb. 10

Trump orders US to ditch the penny. What's its connection to NASCAR's most impactful Daytona 500?

Cease production of the penny, let collector’s gobble up what’s left of the 1 cent coin, and there will still be one eternally glued to Dale Earnhardt’s old Chevrolet, the luckiest piece of loose ...

ABC News - 4d

Graham's plan for Trump tax cuts

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...

The Hill - Feb. 8

What are the ramifications of Trump's Gaza plan?

President Trump has said the U.S. is committed to buying and owning the Gaza Strip, despite the Palestinian Authority saying the land is not for sale. Matthew Kroenig, an expert with the Atlantic ...

CBS News - Feb. 10

Trump's plan to scrap the penny spikes interest for coin collectors

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