Oakland News Today | 2 Min News | The Daily News Now!
The U.S. is officially ditching the penny—yes, that tiny copper coin—after the House passed the Common Cents Act, which will stop production and round cash transactions to the nearest five cents. It costs more than three cents to make a penny, making it a financial drain, and this move could save taxpayers millions annually. While pennies remain legal tender, they’re becoming relics of a bygone era, sparking nostalgia and curiosity about how everyday transactions will shift. The Treasury is also eyeing nickel production costs, hinting at broader changes in how we handle small change.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Sources:
https://www.ktvu.com/news/house-votes-eliminate-penny-production-permanently
More coverage & latest updates:
https://sources.thednn.ai/d66469336902919a
Report issues to feedback@thednn.ai.