News

Is the penny discontinued in the United States? What to know about the big change in RI
A spokesperson for the Treasury Department confirmed to USA TODAY that the government recently made its final order of penny ...
How much does it cost to make a penny? Treasury Department makes final order of the coin
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's Bessent says US is 'never going to default' as debt limit deadline looms
Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as Congress faces a debt ...
Citi’s Burke Nominated for Key US Treasury Job on Sanctions
Jonathan Burke, a Citigroup Inc. managing director, was nominated for one of the top US Treasury Department jobs involved in ...
Say Goodbye To The Penny, The US Treasury Announces Plans To Phase Out The Coin
The US Treasury will stop putting new pennies into circulation at the beginning of 2026, it was announced on Thursday Pennies ...
Treasury Department set to phase out the 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 ...
US finds no currency manipulation in 2024, Ireland, Switzerland added to monitoring list
No major U.S. trading partner manipulated its currency in 2024, the Treasury Department said on Thursday in the first semi-annual currency report of President Donald Trump's new administration, ...
Treasury Cuts Size of Bill Sales as Debt-Cap Pressures Bite
The US Treasury Department cut the size of its four- and eight-week bill auctions, the beginning of what’s likely to be a ...
Treasury Department to halt penny production after centuries in circulation
The Treasury is phasing out production of the penny, a coin that has been in circulation for centuries, in a move that is ...
Treasury Secretary Scott Bessent reminds CBS anchor about wrong inflation prediction: ‘Numbers are the best in 4 years’
Treasury Secretary Scott Bessent took a victory lap Sunday over recent inflation numbers that show a key benchmark hitting a ...
US Mint places final order to kill penny production as part of Trump’s order to ‘rip the waste’ out of budget
The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year ...
US sanctions two members of a Mexican drug trafficking group known as the Northeast Cartel
The United States has imposed sanctions on two members of the Mexican drug trafficking organization Cartel del Noreste, the Northeast Cartel, which was formerly known as Los Zetas ...