News

Stop making cents: US Mint moves forward with plans to kill the penny
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.
Ticker: US to stop making cents; Mortgage rates tick up
The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury ...
A nickel for your thoughts? US Mint’s plans to kill the penny inch closer to reality
By stopping the one-cent coin’s production, one official says the Treasury expects an immediate annual savings of $56 million ...
Tepid demand for US Treasury auction shows investor jitters about tax bill, deficit
The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday with investors worried ...
End of the Penny Grows Near
The cost of producing a penny skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.
Wall Street slumps under the weight of jumping Treasury yields and US debt worries
Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S ...
US judge nixes Treasury's bid to cancel IRS workers' union contract
A federal judge has rejected a bid by the U.S. Treasury Department to cancel a union contract covering tens of thousands of ...
The US Treasury just shocked Americans with a $258B surplus — its 2nd biggest monthly surplus in history
That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the ...