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

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

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

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

Federal Reserve Governor Christopher Waller said markets are demanding higher Treasury yields due to concerns about tax cuts ...

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

The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday with investors worried ...

The federal government made its final order of penny blanks this month — marking the first step to end the production of the one-cent coin, a spokesperson for the U.S. Department of the Treasury ...

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

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 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.