The U.S. government is no longer going to mint pennies, and soon cash retail transactions will be rounded to the nearest ...

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

Phyllis Resnick, Colorado Futures Center's lead economist, told Newsweek that the loss of the penny will become the "most burdensome on low-income households," pointing to their purchases of ...

“There will be essentially no impact at all ... though, a penny or two added to the cost of an item won’t make a difference in a consumer's overall financial health.

After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

There is currently no official plan to recall pennies, and financial institutions are expected to continue accepting them. While pennies will remain legal tender, they will gradually disappear from ...

This is an audio transcript of the FT News Briefing podcast episode: ‘The economic impact of Trump’s budget bill’ Sonja Hutson Good morning from the Financial Times. Today is Friday, May 23rd, and ...

The Impact Removing the Penny Can Have On the Economy If the 1 ... an item won’t make a difference in a consumer’s overall financial health. “Any change will be extremely marginal ...