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

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

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

Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...

The Treasury made its final order of penny blanks this month, the Journal reported, citing a spokesperson, meaning the Mint ...

The US Mint is ceasing penny production due to rising costs, a move expected to save the government $56 million annually.

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

In recent weeks, Republican and Democratic lawmakers introduced separate bills in the House of Representatives and the Senate calling for an end to penny production. The change means that ...

There are currently a whopping 114 billion pennies in circulation in the US, according to the agency. Two bipartisan bills to end penny production have been introduced in Congress so far this session.

The US Mint is ceasing penny production due to rising costs, a move expected to save the government $56 million annually. President Trump initiated the directive, highlighting the coin's ...

The US Mint will stop producing pennies due to high costs, following a directive from Donald Trump. The move is expected to ...