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

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

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 ...

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 ...

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 ...

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 ...