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 ...

By stopping the one-cent coin’s production, one official says the Treasury expects an immediate annual savings of $56 million ...

The Mint expects that it will realize an immediate annual savings of $56 million by phasing out production of the penny, ...

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

Treasury plans to phase out production in 2026 Expects ... in the House of Representatives and the Senate calling for an end to penny production. The change means that businesses will have to ...

The U.S. Treasury will stop minting pennies next year after 233 years. Retailers can still accept them, but will have to ...

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

A spokesperson for the Treasury Department confirmed to USA TODAY that the government recently made its final order of penny ...