"Confirming the WSJ story, the Treasury has made its final order of penny blanks this month and the United States Mint will ...

Rossendale and Darwen MP Andy MacNae has challenged Chancellor Rachel Reeves on investment into towns in his constituency.

European stocks experienced a downturn due to elevated U.S. Treasury yields and weak eurozone business activity. The STOXX ...

Mortgage rates inched higher over the last week, delivering yet another blow to a lackluster spring housing market.

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

The U.S. Treasury has ordered its last batch of "blanks" that it uses to form pennies, a department spokesman confirmed.

In a cost-cutting move, the Treasury Department will soon stop minting new pennies. The one-cent coins will still be legal ...

The U.S. is on the verge of ditching its penny due to the cost of production being higher than its face value, which could result in rounding of cash transactions and potentially costly flowback ...

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.

US Treasury to phase out penny production, stopping new coins from entering circulation. Cost of production exceeds coin's value.

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.