US Mint

Congress has voted to end production of the US penny, bringing an end to 234 years of one-cent coin minting and sending the bill to President Trump, who must sign or veto it. Supporters have long argued the penny costs more to make than it is worth, while critics see the end of an iconic piece of American currency.

US job openings slipped to 7.1 million in August, a fresh signal of cooling demand for workers, while Congress moved to retire the penny, ending production of the one-cent coin. The two developments landed together in a news ticker, reflecting ongoing attention to the softening labour market and the long-debated cost of minting coins worth less than their production price.

The Common Cents Act is being discussed as a potential congressional fix to the penny problem affecting US restaurateurs, particularly small food businesses. The proposal would address the rising cost and scarcity of pennies, which has complicated cash transactions and pricing for restaurant owners. Industry outlets are asking whether Congress has finally found a workable solution to the long-running coin issue.

The Senate has approved legislation that would end production of the US penny, bringing 234 years of minting the one-cent coin to a close. The bill now goes to President Trump, whose signature would formally end penny production. The move follows long-running arguments that pennies cost more to make than they are worth.

Congress has voted to stop production of the penny after 234 years, approving a bill that now goes to President Trump. The measure would end minting of the one-cent coin, a fixture of American currency since the nation's founding. Attention now turns to whether Trump will sign the legislation into law.