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 has made its final order of penny blanks and plans to stop producing the coin when those run out.

The U.S. government is no longer going to mint pennies, and soon cash retail transactions will be rounded to the nearest ...

Eliminating the penny is expected to save $56 million a year, according to the Treasury spokesperson. “There are about 114 ...

The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year.

The cost of producing a single penny has already skyrocketed to about 4 cents, while consumers have mostly shifted to digital ...

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 ...

MURDER accused Richard Satchwell would call Tina his “trophy wife”, her half-sister told his trial. Lorraine Howard — the ...

The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's ...

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using ...

The U.S. Treasury has ordered its last batch of “blanks” that it uses to form pennies, a department spokesman confirmed.