The Trump administration made the call as a cost-saving measure - it costs almost four cents to make a penny (which, by the way, are now primarily made up of zinc with a copper coating).

Lee and Sen. Merkley. (NEXSTAR) — Grab your coin purse: The U.S. may be on the verge of ditching its penny. The U.S. Treasury is reportedly gearing up to stop putting new one-cent coins into ...

Lionel Messi drew vast crowds and showed flashes of his brilliance when his Inter Miami side were held to a goalless draw by ...

The same report suggested, however, that reducing penny production could save the Mint up to $100 million annually. In a statement to Nexstar last week, Merkley said he was “pleased” by the ...

OK, maybe those are some minor, small-stakes, dare we say penny-ante concerns in the wake of the U.S. Treasury confirming Thursday that it will stop making shiny new penny coins after the current ...

The Treasury Department placed its final order of penny blanks this month, a spokesperson said. The US Mint estimates $56 million in annual savings, with the potential for more in the future.

As pennies fade from use, businesses will need to round up or down to the nearest 5 cents, The Wall Street Journal reported. 'MAKES SENSE': GOP, DEMS UNITE BEHIND TRUMP'S PLAN TO FIRE THE PENNY By ...

Grab your coin purse: The U.S. may be on the verge of ditching its penny. The U.S. Treasury is reportedly gearing up to stop putting new one-cent coins into circulation by early next year ...