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 pennies at its overseas bases in 1980 because it became too expensive to ship them.

The federal government made its final order of penny blanks this month — marking the first step to end the production of the one-cent coin, a spokesperson for the U.S. Department of the Treasury confirmed to USA TODAY.

President Donald Trump's administration is lifting sanctions on war-torn Syria, with the goal of speeding recovery and reconstruction efforts in the Middle Eastern country.

Treasury Secretary Scott Bessent said of the action against the alleged leaders of Mexico-based Cartel del Noreste: “We will continue to cut off the cartels’ ability to obtain the drugs,

Fox News Digital asked Republican senators on Capitol Hill to respond to the approximately 500,000 untraceable payments made by the Treasury Department each year.

U.S. President Donald Trump's administration is preparing to issue a narrowly tailored license to Chevron , allowing the company to conduct minimal maintenance of essential operations in Venezuela, Bloomberg News reported on Friday.

The United States has imposed sanctions on two members of the Mexican drug trafficking organization Cartel del Noreste, the Northeast Cartel, which was formerly known as Los Zetas

Stock futures point to a lower open as investors kept an eye on Treasury yields as President Donald Trump's tax bill continues to travel through Congress. After the House narrowly passed by one vote its version of the One,