The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...

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

The U.S. Mint and Treasury Department have confirmed that the penny is on its last legs as the former recently made its final ...

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the ...

There is currently no official plan to recall pennies, and financial institutions are expected to continue accepting them. While pennies will remain legal tender, they will gradually disappear from ...

The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.

The U.S. Mint is set to stop the production of pennies, according to the Department of the Treasury. The move is a step ...

The US Department of the Treasury will officially be phasing out the penny from circulation once the current stock of blanks for minting is used up. Brad Smith reports more on this news.

The Treasury Department announced Thursday that it will soon carry out President Donald Trump's plan to phase out production ...

WASHINGTON -- The U.S. Treasury Department says it will phase out production of ... it has never existed in the United States. "The American system does not have a 'penny.' That is a misnomer ...