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

Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...

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

The Treasury Department said Thursday it’s planning to end production of the penny in an effort to phase out one of the ...

The federal government made its final order of penny blanks this month — marking the first step to end the production of the ...

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

The U.S. Treasury announced it's phasing out production of the one-cent coin and has made its final order of penny blanks.

An annual savings of $56M in material costs is expected by stopping penny production, according to a U.S. treasury official.

The U.S. Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the ...

The U.S. Treasury Department announced May 22 its decision to phase out the production of the one-cent coin, with no new ...

Treasury plans to phase out production ... bills in the House of Representatives and the Senate calling for an end to penny production. The change means that businesses will have to start rounding ...