The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...

The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the ...

The Treasury Department said Thursday it’s planning to end production of the penny in an effort to phase out one of the ...

The Mint expects that it will realize an immediate annual savings of $56 million by phasing out production of the penny, ...

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the ...

It's really happening this time. The Treasury Department said it plans to stop manufacturing the penny, one of the first ...

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using ...

The Trump administration says making cents doesn’t make sense anymore. The U.S. Mint has made its final order of penny blanks ...

The U.S. Mint’s annual report for 2024 found that a penny costs 3.69 cents to make. Its production resulted in a loss of $85 million for the Mint last year.

The Treasury Department announced Thursday that it will soon carry out President Donald Trump's plan to phase out production of ...

The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been part of the ...