US Mint Ends Penny Production as Costs Rise and Usage Declines

The U.S. Mint has officially ended production of the penny, a decision driven by rising costs and the coin’s diminishing role in today’s economy. The final pennies were produced at the Philadelphia Mint, where the 1-cent coin has been made since 1793, following the... Read More.

IRS to Furlough Nearly Half Its Workforce Amid Government Shutdown

The IRS will furlough nearly half of its workforce starting Wednesday due to the ongoing government shutdown, per an updated contingency plan on its website. Most IRS operations are currently closed, impacting taxpayer services nationwide. The shutdown entered its second week after President Trump and... Read More.

Florida Approved for $608 Million Reimbursement

Federal officials have confirmed that Florida has been approved for a $608 million reimbursement for the costs associated with building and operating an immigration detention center located in the Florida Everglades, commonly referred to as “Alligator Alcatraz.” This development raises the possibility that the... Read More.