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House unanimously votes to eliminate one-cent coin permanently
The bipartisan bill would save an estimated $56 million a year and keep pennies legal tender while setting cash-rounding rules.
- The U.S. House of Representatives unanimously passed the bipartisan Common Cents Act to permanently end penny production, allowing exceptions only for collector coins and establishing a system to round cash transactions to the nearest five cents, with specific provisions for cash wages.
- The U.S. Mint stopped producing pennies in November 2025 after 232 years, and the legislation, if signed by President Donald Trump, would prohibit future administrations from resuming penny production.
- Producing pennies cost more than three times their value by 2025, with the Treasury estimating projected annual savings of $56 million from halting production.
- Existing pennies will remain legal tender, and Congress will require the Treasury to study the impact of these changes on vulnerable groups including low-income individuals and older consumers.
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House unanimously votes to scrap the penny for good
The one-cent coin is on the brink of vanishing from everyday American life. According to a report from Fox News, the House of Representatives on Monday unanimously passed the bipartisan Common Cents Act, a measure that would permanently stop the U.S. Mint from producing pennies except as collector pieces. Fox News reported that the legislation […]
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Total News Sources6
Leaning Left0Leaning Right4Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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