The federal government is winding down production of the penny coin following a bipartisan effort to nix the lowest-denomination of U.S. currency over cost concerns, according to a plan outlined ...

The US Mint is ceasing penny production due to rising costs, a move expected to save the government $56 million annually. President Trump initiated the directive, highlighting the coin's ...

The US Treasury Department has officially confirmed it will end production of the penny coin by early 2026, marking a significant shift in American currency policy after years of debate over the ...

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 ...

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. An immediate annual savings of $ ...

EACH PENNY COST A LITTLE LESS THAN FOUR CENTS TO PRODUCE. IT'S UNCLEAR WHETHER THE PRESIDENT HAS THE POWER TO STOP MAKING NEW PENNIES. CURRENCY SPECIFICATIONS The U.S. Treasury is phasing out ...

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 ...