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.

Congress has approved a bill to end production of the US penny, sending the measure to President Trump to sign into law. If enacted, the US Mint would stop striking one-cent coins, which cost more to make than they are worth. The move follows long-running debate over the penny's expense and declining use in everyday cash transactions.

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.

US lawmakers are moving to phase out the penny, raising questions about whether Americans can still use the one-cent coin in everyday transactions. Discussion centres on what a 'penniless' future would mean for cash payments, pricing and the Treasury's minting costs, as Congress plots an end to penny production.

The US penny, which the Treasury stopped minting this year, is now being repurposed rather than retired. As Fast Company reports, the one-cent coin is finding a second life as a material for design and craft projects, collectibles and novelty uses, even though it is increasingly unwelcome in everyday cash transactions. The story taps into wider debate about the end of the penny and what a coinless future means for Americans.

Congress has passed and sent to President Trump legislation that would formally end production of the US penny, moving to retire the one-cent coin after years of debate over its cost and usefulness. Treasury loses money making each penny, and officials have argued the coin is no longer practical. Trump's signature would wind down minting of the coin.

Congress has officially moved to end the US penny, retiring the one-cent coin from circulation. The move ends more than two centuries of penny production, which in recent years has cost more to mint than the coin was worth. Coverage is focused on what the change means for consumers, cash transactions and prices, including how cash payments will be rounded once pennies disappear.

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.