U.S. Mint moves ahead with plans to kill the penny

WASHINGTON (AP) — The Trump administration says making cents doesn’t make sense anymore. The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. This move comes as the cost of making pennies has increased markedly, by upward of 20% in 2024, according to the Treasury. By stopping the penny’s production, the Treasury expects an immediate annual savings