Treasury Sounds Death Knell for Penny Production

“The U.S. government is phasing out the penny, whose use has spanned more than two centuries,” the Wall Street Journal reports.

“The Treasury Department will stop putting new pennies into circulation by early next year. Afterward, there won’t be enough pennies to use in everyday cash transactions, and businesses will need to start rounding up or down to the nearest 5 cents, the Treasury said in a statement.”