The U.S. Treasury Department has taken a large step toward officially eliminating the one-cent coin, ordering its final batch ...

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

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

"Confirming the WSJ story, the Treasury has made its final order of penny blanks this month and the United States Mint will ...

The Washington Post reported that the Treasury placed its final order for blanks this month with expectations that it will ...

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official ...

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the ...

Eliminating the penny is expected to save $56 million a year, according to the Treasury spokesperson. “There are about 114 ...

Federal Reserve Governor Christopher Waller said markets are demanding higher Treasury yields due to concerns about tax cuts ...

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 ...