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

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The Treasury is phasing out production of the penny, a coin that has been in circulation for centuries, in a move that is expected to save $56 million each year.

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 ...

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

The U.S. government has ordered its final batch of penny blanks and will stop producing the coin when those blanks run out.

Axing the penny will save $58 million a year. The new tax-and-spending bill will add $3 trillion to the deficit over the next ...

The Trump administration says making cents doesn't make sense anymore. The U.S. Mint has made its final order of penny blanks ...