It is unclear whether President Trump has the power to unilaterally eliminate the one-cent coin. Currency specifications — including the size and metal content of coins — are dictated by Congress.

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. An immediate annual savings of $56 ...

(NEXSTAR) — As the saying goes, all good things must come to an end, and for the penny, the end may be coming sooner than expected. Earlier this year, President Donald Trump called on the Treasury ...

Five months after the federal government stopped minting new pennies, Hawaii lawmakers are working to accelerate phasing out use of the coins throughout the state. “We saw this coming last summer,” ...