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

The U.S. Mint and Treasury Department have confirmed that the penny is on its last legs as the former recently made its final ...

The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

The U.S. Treasury will stop minting pennies next year after 233 years. Retailers can still accept them, but will have to ...

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

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

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.

By stopping the one-cent coin’s production, one official says the Treasury expects an immediate annual savings of $56 million ...

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 ...

The Treasury statement did not address its plans for nickel production. It did estimate an immediate savings to taxpayers of $56 million from the halt of penny production. “Given the cost ...