As more retailers opt for contactless and cashless payment options, fewer people are carrying cash on a daily basis than ever ...

Advocates for ditching the penny cite its high production cost — almost 4 cents per penny now, according to the U.S. Mint — ...

The Treasury is phasing out production of the penny, a coin that has been in circulation for centuries, in a move that is expected to save $56 million each year.

District Judge Myong Joun held that the Trump administration's mass removals were not purely discretionary uses of executive power.

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

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

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. This move comes as the cost of making ...

President Donald Trump has also pushed the Treasury Department to stop minting new pennies. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so ...

The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday.

The U.S. Mint will make pennies as long as the blanks exist, but once they run out, there will be no more pennies produced, ...

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

It costs more than 3 cents to make a 1-cent coin, and now the United States Treasury is finally doing something about it.