Dubbed as the Common Cents Act, the legislation lays out some details of how things might look when there are no pennies, ...

The Treasury Department said Thursday it’s planning to end production of the penny in an effort to phase out one of the country’s oldest currencies. The U.S. Mint has made its final order of penny ...

The federal government is winding down production of the penny coin following a bipartisan effort to nix the lowest-denomination of U.S. currency over cost concerns, according to a plan outlined by ...

Editor’s note: “Behind the News” is the product of Sun staff assisted by the Sun’s AI lab, which includesa variety of tools such as Anthropic’s Claude, Perplexity AI, Google Gemini and ...

The department says it has placed its final order for penny blanks, and production will end when they run out, which will likely be early 2026, according to The Wall Street Journal, which first ...

The cost of making a penny has risen to more than twice the coin's face value. The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald ...

with the United States Mint slated to end manufacturing of the penny when that runs out, a Treasury official told CBS MoneyWatch. The blanks — flat, metal discs that the Mint turns into coins ...

Why pennies are being phased out: Each penny costs nearly 4 cents to produce, so the move is expected to result in immediate savings of $56 million a year. A Treasury spokeswoman confirmed the ...

The U.S. Mint made its final order of penny blanks and said it plans to halt the production of pennies once those run out, which will likely be in early 2026, according to The Wall Street Journal ...

The US Department of the Treasury will officially be phasing out the penny from circulation once the current stock of blanks for minting is used up. Brad Smith reports more on this news.

The Treasury's penny phase-out plan was first reported by the Wall Street Journal, the details of which were confirmed to Reuters by a department spokesperson. The cost of producing the penny has ...