The Treasury Department is phasing out penny production by early next year after President Donald Trump ordered the government to halt the “wasteful” minting of the coins. The Treasury will stop ...

The Trump administration plans to end production of the penny after the cost of making it ballooned and it became increasingly useless as currency. Why it matters: The U.S. Mint reported losing $85.3 ...

The Treasury Department is phasing ... follows Trump’s directive in early February that ordered Treasury Secretary Scott Bessent to end penny production, arguing that the cost to create a ...

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

Move follows directive from President Trump issued over growing bipartisan support in Congress to phase out pennies ...

Treasury Secretary Scott Bessent ... nickel following an announcement that the Treasury Department will cease all penny production by early 2026. “I think we can retool the nickel and change ...

The Treasury just placed its final order of penny blanks, all of which are expected to be minted by early 2026. Eliminating ... with the Treasury Department placing its final order of penny ...

The U.S. government is phasing out production ... The Treasury made its final order of blank pennies this month and will stop putting one-cent coins into circulation by early 2026.

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

The federal government is winding down production of the penny coin following a bipartisan effort to nix the lowest-denomination of U.S. currency over cost concerns, according to a plan outlined by ...

It's the end of an era. The penny will soon be a thing of the past. The U.S. Treasury will soon stop minting the coin in early 2026. The decision comes amid rising production costs and declining ...