The federal government has officially made the first step to end the production of pennies. The end of penny production marks a change in a 233 year tradition, as the penny was one of the first coins ...

Welcome to 5 Things PM! In a sharp escalation of its battle with Harvard University, the Trump administration revoked the Ivy ...

which didn’t have much of an impact, said Andrew Keinsley, an associate professor of economics at Weber State University, in a 2023 interview with Marketplace. While the humble penny holds ...

The penny has been around for almost as long as ... which literally cost us more than 2 cents,” Trump posted on Truth Social, midgame. “This is so wasteful! I have instructed my Secretary ...

I think you would see a much more significant impact on prices because you'd be rounding up 10 cents. The U.S. president doesn't have the authority to retire the penny forever with that power ...

Here, experts weigh in. The Impact Removing the Penny Can Have On the Economy If the 1-cent coin is no longer used as legal tender, prices will likely adjust to accommodate the nearest 5-cent ...

As part of the Trump administration’s efficiency plan, the penny may cease being produced ... “There will be essentially no impact at all,” says Mark Schweitzer, associate professor of ...