The federal government is winding down production of the penny coin following a bipartisan effort to nix 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 Mint expects that it will realize an immediate annual savings of $56 million by phasing out production of the penny, ...

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

The US Treasury Department says it will phase out production of new pennies early next year. It said that the cost of making ...

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

Since 1909, the profile of President Abraham Lincoln has adorned the obverse side of the coin that is made of zinc and copper. Trump has described spending on penny minting as 'wasteful' ...

The cost of producing the penny has risen from 1.3 cents per coin to 3.69 cents over the past 10 years, according to the Treasury. It said stopping production will lead to immediate annual savings ...