The Treasury is phasing out production of the penny, a coin that has been in circulation for centuries, in a move that is expected to save $56 million each year.

The Trump administration hopes to save big bucks by phasing out the penny. The Treasury Department has placed its last order for blank pennies and plans to stop minting the 1-cent coins as soon as ...

But while the copper-plated-zinc currency is dead, it is not yet gone: the estimated 250 billion pennies already in circulation will persist as legal tender, leaving customers and businesses to ...

With penny minting ended, Arizona lawmakers will send a bipartisan bill to Gov. Katie Hobbs supporting a new rounding system for cash transactions.

Two months after the suspension of penny production in the U.S., retailers and bankers across Colorado are still navigating the decision. Even as federal guidance remains scarce, many say the change ...

The Florida Senate is advancing a bill to manage cash transactions after the U.S. Treasury stopped minting pennies. The proposed legislation would require retailers to round cash totals to the nearest ...