The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

Canada scrapped a digital services tax after a trade threat from President Donald Trump. The tax would have cost US tech firms billions each year and $3 billion in retroactive payments.

The federal government is winding down production of the penny coin following a bipartisan effort to nix the lowest-denomination of U.S. currency over cost concerns, according to a plan outlined ...

A three-judge panel at the US Court of International Trade, a relatively low-profile court in Manhattan, ruled Wednesday to halt Trump’s global tariffs that he imposed citing emergency economic ...

Treasury Secretary Scott Bessent testified before the House Financial Services Committee on Wednesday, where he spoke about how the Trump administration plans to regulate the digital asset industry.

Premarket Trading Shows Positive Reaction. Chinese markets and U.S. stock futures cheered the announcement with S&P 500 futures rising 2.54% to 5,822 points and Dow Futures rising 1.97% to 42,136 ...

NuScale Power Corp., the only company with US approval for a small nuclear reactor, has now won regulatory support for a second design that may go into service by the end of the decade.

Logan says he once “went through the whole idea” of starting his own needle cartridge manufacturing line in the US, but he learned that it would cost about $8 to $10 million just to get the ...

A bipartisan group of members of Congress is seeking an additional $400 million from the federal government to help fund transportation improvements in US cities hosting the 2026 FIFA World Cup.

Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in ...

The US Treasury Department is seeking to bar the Cambodia-based Huione Group from accessing the American banking system, accusing the company of helping North Korea’s state-sponsored Lazarus ...

Treasury Secretary Scott Bessent on Monday signaled that a de-escalation of the trade war over President Trump’s harsh tariff rates would have to come from China — not the US.