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

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

The American penny will begin its slow fade into non-existence as the government plans stop making the U.S. currency next year.

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.

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

The Trump administration plans to end production of the penny after the cost of making it ballooned and it became ...

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official ...

The U.S. Mint’s annual report for 2024 found that a penny costs 3.69 cents to make. Its production resulted in a loss of $85 million for the Mint last year.

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

In recent weeks, Republican and Democratic lawmakers introduced separate bills in the House of Representatives and the Senate calling for an end ... The Treasury's penny phase-out plan was first ...