The Department of the Treasury is exploring ways to reduce the cost of producing nickels, which cost a pretty penny, ahead of the possible elimination of the iconic Lincoln-faced 1-cent coin.

At the same time, the weighted average interest rate on national debt has risen to 3.28% from its 2022 low of 1.6%. Yield is the rate the government pays holders of its debt and is dictated by the ...

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...

Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump's "one big, beautiful bill" may add to the $36 trillion national debt. Bessent appeared before the ...

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