The Treasury unveils its plan to kill the penny | CNN Business

Show Business and Finance Publications

Fri, May 23, 2025

[ Fri, May 23rd ]: TMJ4

Empowering Small Businesses and Growth

[ Fri, May 23rd ]: KTBS

Doing Better Business: Scams and small business

[ Fri, May 23rd ]: wtvr

Lawmakers respond to CBS 6 investigation into nursing home finances: 'We're going to fix this'

[ Fri, May 23rd ]: PBS

NJ Spotlight News | Business Report: Staffing challenges for businesses | Season 2021

[ Fri, May 23rd ]: WOOD

'Record numbers' expected for busy travel weekend

[ Fri, May 23rd ]: BBC

Kingswood businesses ask council to rethink parking charges

[ Fri, May 23rd ]: montanarightnow

G7 finance talks end in show of unity despite tariff turmoil

[ Fri, May 23rd ]: WLKY

Manhunt underway after 'number of' shots fired at downtown New Albany business

[ Fri, May 23rd ]: Impacts

Strategies to Attract Skilled Professionals to Finance Department Roles

[ Fri, May 23rd ]: Time

Brazil Finance Chief Sees Climate as Economic Opportunity

[ Fri, May 23rd ]: CoinTelegraph

CZ refutes claims in latest WSJ article on Trump-linked crypto dealings

[ Fri, May 23rd ]: Patch

Beauty Salon Among New Businesses Opening In Brookfield

[ Fri, May 23rd ]: Forbes

The Future Of AI In SaaS: Strategic Insights For Business Leaders

[ Fri, May 23rd ]: CNN

China's Xiaomi unveils electric SUV, new chip in bid to rival Tesla, Apple | CNN Business

[ Fri, May 23rd ]: KFVS12

Advice for new grads from the Better Business Bureau

[ Fri, May 23rd ]: Fortune

The CEO of MNTN got his start teaching himself ho .. e just took the company public with Ryan Reynolds

[ Fri, May 23rd ]: ThePrint

New Australia-India Film Finance & Production Ven .. nnounced at Cannes to Fund Upcoming Feature Slate

Thu, May 22, 2025

[ Thu, May 22nd ]: MarketWatch

Why this stock-market strategist expects no recession and zero rate cuts in 2025

[ Thu, May 22nd ]: Time

Big Business Is Cashing In On Trump's Tax Cuts

[ Thu, May 22nd ]: montanarightnow

G7 finance chiefs hold talks under strain of Trump tariffs

[ Thu, May 22nd ]: ThePrint

Factbox-Trump's Gulf tour sparks AI, finance and energy deals

[ Thu, May 22nd ]: Deadline

Former Kennedy Center President Decries Trump Tea .. stort The Facts" About Finances During Her Tenure

[ Thu, May 22nd ]: Newsweek

Trump's immigration crackdown already causing hiring issues for businesses

[ Thu, May 22nd ]: Patch

Dog Groomer Among New Businesses Opening In Bethel

[ Thu, May 22nd ]: LancasterOnline

Conestoga Valley school board to vote in June on financing up to $21M for elementary renovations

[ Thu, May 22nd ]: PBS

NJ Spotlight News | Business Report: Chamber wants more help for businesses | Season 2022

[ Thu, May 22nd ]: FreightWaves

Small businesses at risk as Canada Post workers prepare to strike

[ Thu, May 22nd ]: IndieWire

The Family Business Takes a Treacherous Turn in 'The Waterfront' Trailer

[ Thu, May 22nd ]: Reuters

G7 likely to have joint communique on Ukraine support, German Finance Minister says

[ Thu, May 22nd ]: CNN

Nike is raising prices - and returning to Amazon | CNN Business

[ Thu, May 22nd ]: Impacts

This New Cryptocurrency: Mutuum Finance (MUTM) Is Getting More Search Traffic Than Ethereum (ETH)

[ Thu, May 22nd ]: rnz

New Plymouth businesses largely support 'investment boost' package

[ Thu, May 22nd ]: Forbes

Rethinking Payouts, Perks And Financial Access Through Embedded Finance

[ Thu, May 22nd ]: Fortune

Why GE Vernova's stock is power surging

[ Thu, May 22nd ]: Variety

Australia-India Financing Venture Southern Sitara .. nnes Market With Cross-Cultural Slate (EXCLUSIVE)

[ Thu, May 22nd ]: KHQ

Moses Lake School District seeks new business manager amid budget crisis

[ Thu, May 22nd ]: BBC

Homes and business plan for Sheffield used car site

[ Thu, May 22nd ]: WESH

Orlando restaurants hope new theme park means more business

Wed, May 21, 2025

[ Wed, May 21st ]: ThePrint

Canadian finance minister touts progress in talks with US counterpart

[ Wed, May 21st ]: Flightglobal

Gol's financial restructuring approved by US bankruptcy court

[ Wed, May 21st ]: PBS

Trump's tariffs will test U.S. allies at G7 finance ministers' summit

[ Wed, May 21st ]: legit

G7 finance chiefs begin talks under strain of Trump tariffs

[ Wed, May 21st ]: Reuters

German finance minister and US treasury secretary Bessent met bilaterally, source says

[ Wed, May 21st ]: Fortune

Trump's tariffs have pushed markets to the doorstep of 'correction territory' says Wall Street

[ Wed, May 21st ]: NDTV

How Trump's Immigration Crackdown Threatens To Hit Columbia's Finances

[ Wed, May 21st ]: Impacts

How Does a Business Finance Broker Help to Grow a Business?

[ Wed, May 21st ]: Forbes

3 Small Business Grants To Apply For Before Spring Ends

[ Wed, May 21st ]: CNN

Target boycotts over DEI hurt sales | CNN Business

The Treasury unveils its plan to kill the penny | CNN Business

//business-finance.news-articles.net/content/202 .. ils-its-plan-to-kill-the-penny-cnn-business.html

Published in Business and Finance on Thursday, May 22nd 2025 at 13:40 GMT by CNN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

The article from CNN, dated May 22, 2025, discusses the U.S. government's decision to discontinue the production of the penny due to its rising production costs and diminishing purchasing power. The penny, which costs more to produce than its face value, has been a topic of debate for years, with many arguing that it no longer serves a practical purpose in everyday transactions. The decision to phase out the penny will begin in 2026, with the U.S. Mint ceasing production and the Federal Reserve stopping distribution. Businesses and financial institutions are encouraged to round cash transactions to the nearest nickel, while digital transactions will remain unaffected. The move is expected to save the government millions of dollars annually and reflects a broader trend of countries reevaluating the necessity of low-denomination coins.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/22/business/us-discontinue-penny ]

Similar Business and Finance Publications

[ Mon, Feb 10th ]: Reuters

Billionaire Trump says time's up for lowly US penny