The department says it has placed its final order for penny blanks, and production will end when they run out, which will ...

The penny coin is getting phased out, a cost-cutting move that could ripple through consumer behavior, retailers' pricing ...

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

We may no longer be pinching pennies in the future. The U.S. Treasury says it is moving to halt production of the coin after ...

The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.

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

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...

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 ...

When the penny is eventually phased out completely ... sparking debate over its impact on pricing and consumer spending," read NewsRadio's report. "While some economists argue that eliminating ...

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 ...

Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using pennies at its overseas bases in 1980 because it became too expensive to ship them.