Jonathan Burke, a Citigroup Inc. managing director, was nominated for one of the top US Treasury Department jobs involved in ...

The federal government made its final order of penny blanks in May − the first step to end the production of the 1-cent coin, ...

Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as Congress faces a debt ...

A spokesperson for the Treasury Department confirmed to USA TODAY that the government recently made its final order of penny ...

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.

The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...

The US is at a low risk of an imminent debt crisis — but high risk in the long term, billionaire investor Ray Dalio writes in a new book.

The US Treasury will stop putting new pennies into circulation at the beginning of 2026, it was announced on Thursday Pennies ...

The Treasury Department said it plans to stop manufacturing ... its final order for penny blanks this month, with the United States Mint slated to end manufacturing of the penny when that runs ...

There are an estimated 114 billion pennies currently in circulation, but they are "severely underutilized," according to the ...