The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been part of the ...

The White House is shrugging off ethics concerns over President Donald Trump dining with the biggest investors in his meme coin, an exclusive group that includes foreign nationals who typically ...

The cost of producing a single penny has already skyrocketed to about 4 cents, while consumers have mostly shifted to digital ...

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

The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's ...

The Treasury Department will begin phasing out the penny early next year, ending a run for a mainstay piece of American currency first produced by the federal government in the 1790s.

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 U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...

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 U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald ...