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The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been part of the ...

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

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.

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 ...

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 ...

The U.S. is on the verge of ditching its penny due to the cost of production being higher than its face value, which could result in rounding of cash transactions and potentially costly flowback ...

Many companies forecast specific tariff charges. Then the White House and China agreed to a 90-day pause in their trade ...