Get ready to say goodbye to the humble penny! Starting in early 2026, the familiar one-cent coin is slated to be phased out, ...

After more than two centuries clinking in pockets, lining dusty piggy banks and being flung into fountains along with a wish, ...

Paulina Gonzalez-Brito, chief executive officer of the San Francisco-based nonprofit Rise Economy, said the marginalized ...

The legislation calls for rounding cash transactions to the nearest five cents. A report from the Treasury Department states that producing a penny costs nearly four times what the coin is worth.

New Zealand stopped producing its one-cent coins in 1990, followed by Australia in 1992 and Canada in 2012. Businesses will have to start rounding their prices up or down to the nearest five cents ...

Trump told the Treasury Department to stop making pennies, citing production costs. What should we do with the pennies we have now?

With the cost of making the cent coin rising and President Donald ... will dry up and businesses will be pressed into rounding prices to the nearest nickel. For taxpayers, Treasury says halting ...

Since we can’t pay in fractions of a cent anyways, the final price you pay is rounded up or down to the nearest cent.

The US Treasury Department announced Thursday that it plans to start winding down production of the one-cent coin it has been minting for more than 230 years. But the penny will still remain legal ...