Congress Approves Penny Production End

The U.S. Mint will formally cease making pennies after legislation passed by the Senate and expected to be signed by President Trump ends their production, which stopped voluntarily last year. The bill, called The Common Cents Act, aims to save millions annually by eliminating the costly coin, which now costs nearly four cents to produce. Pennies will remain in circulation, but retailers may round transactions to the nearest five cents as the coin is phased out.

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