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 ...

President Donald Trump directed the Treasury Department to stop producing pennies beginning in early 2026. Why? The penny ...

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 ...

However, pennies will still be around. In the past, the U.S. has stopped minting certain coins, yet they have remained legal ...

When is the penny going away, and why? The Treasury Department’s pledge to stop minting new pennies by early 2026 comes after ... post to stop his agency’s production of the coins, saying ...

Got a piggy bank full of pennies? The small currency will soon be a thing of the past, but don't think you are sitting on a ...

The U.S. Treasury Department expects penny production to fully end when its stock of materials runs out in 2026.

President Donald Trump ordered the Treasury Department to wind down the production of pennies ... pledged it will stop minting pennies early in 2026. However, pennies will still be around.

Even after production stops, pennies will remain legal tender in the U.S. That means businesses can accept them for payment, ...