Still, Resnick says killing the penny is not that big of a deal. "I think in the context of everything else that's happening that could affect the economy, it's probably minor," she said.

It’s a coin that costs more to make than it's worth, sparks endless debate, and yet remains a ubiquitous part of daily life.

The U.S. government is no longer going to mint pennies, and soon cash retail transactions will be rounded to the nearest ...

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

Eliminating the penny is expected to save $56 million a year, according to the Treasury spokesperson. “There are about 114 ...

The penny is under attack ... it could be $3.05. So what kind of effect might this have on the economy at large? “There will be essentially no impact at all,” says Mark Schweitzer, associate ...

As Europe grapples with the impact of proposed U.S. tariffs, major stock indexes have seen declines, reflecting broader economic uncertainties and revised growth forecasts. Amidst these challenges, ...

But if you think that's expensive, penny rounding in the U.S. would cost even more. Raymond Lombra, Professor of Economics at Pennsylvania State University said the impact of removing pennies will ...