The federal government made its final order of penny blanks this month − the first step to end the production of the 1-cent ...

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

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

After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

President Trump ordered the halt of penny production due to cost concerns. Discontinuing the penny could negatively impact ...

The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year ...

The U.S. Mint will stop making pennies once its final supply of blanks is gone, following a Trump administration directive ...

The penny will soon be a thing of the past. The U.S. Treasury will soon stop minting the coin in early 2026. The decision ...

What to know about the $1,000-per-child ‘Trump accounts’ In a 2022 report from the Federal Reserve, officials warned that “drastically reducing or ending the production of the penny” could ...

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

President Trump ordered the end of penny production in February, calling it wasteful. The move is expected to save $56 million annually in material and minting costs. LOS ANGELES - The U.S. Mint ...