Treasury to phase out penny
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German Finance Minister Lars Klingbeil met United States Treasury Secretary Scott Bessent on Wednesday for a bilateral conversation on the sidelines of the G7 finance ministers' consultations in Canada,
The Washington Post reported that the Treasury placed its final order for blanks this month with expectations that it will run out by early 2026. You can keep spending pennies as normal after that. But at some point, businesses will have to start rounding up or down to the nearest 5 cents for cash transactions.
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