An immediate annual saving of $56 million in reduced material costs is expected by stopping penny production, according to a ...

The Mint expects that it will realize an ... The Wall Street Journal earlier reported Treasury’s plans to phase out production of the penny. The Trump administration’s move to end 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, a Treasury Department official confirmed Thursday. This move comes as the cost of ...

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out WASHINGTON -- The Trump administration says making cents doesn't make sense anymore.