Even after production stops, pennies will remain legal tender in the U.S. That means businesses can accept them for payment, ...

The penny, which costs more to make than it's worth, will be going away. That's a shocking reversal of government policy.

Phyllis Resnick, Colorado Futures Center's lead economist, told Newsweek that the loss of the penny will become the "most burdensome on low-income households," pointing to their purchases of ...

After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

"When they stop minting new ones, there will still be a lot around," said Wake Forest University Economics Professor Robert Whaples. "There's about seven dollars worth of pennies per American." In ...

President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after Elon Musk's Department of Government Efficiency pointed out the cost of ...

The U.S. Treasury Department announced that it will begin winding down production of the penny, ending more than 230 years of minting the 1-cent coin.