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U.S. Treasury Moves to Phase Out Penny Payments

10/31/2025

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Summary

Story summary

The U.S. Treasury plans to phase out the penny after comments by U.S. President Donald Trump.
Since penny production halted, McDonald's and other retailers have adjusted payment systems.
Some locations round cash payments to the nearest 5 cents if customers lack exact change.
McDonald's says the rounding reflects a nationwide issue and does not apply to card payments.
Similar practices exist in other countries that have eliminated currency denominations.

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Story summary

The U.S. Treasury plans to phase out the penny after comments by U.S. President Donald Trump.
Since penny production halted, McDonald's and other retailers have adjusted payment systems.
Some locations round cash payments to the nearest 5 cents if customers lack exact change.
McDonald's says the rounding reflects a nationwide issue and does not apply to card payments.
Similar practices exist in other countries that have eliminated currency denominations.