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 U.S. Mint projects to save $56 million by reducing material costs. Making a penny cost 20% more in fiscal year 2024 than ...

The U.S. Treasury is phasing out the penny due to rising production costs, signaling the end of an era and prompting economic ...

The Washington Post reported that the Treasury placed its final order for blanks this month with expectations that it will ...

The Treasury made its final order of penny blanks this month, the WSJ reported, citing a spokesperson, meaning the Mint will ...

The Treasury says there are about 114 billion pennies currently in circulation in the United States — that’s $1.14 billion — but they're greatly underutilized.

With the Trump administration increasingly focused on striking deals to help weaken the dollar, a team of analysts at ...

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

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.

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.

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.