The U.S. Mint is halting production of the one-cent coin following a February directive from President Donald Trump. The decision comes after the cost to make each penny soared above 3.6 cents, with the Treasury Department now projecting annual savings of around $56 million. The phase-out caught many businesses by surprise, with coin shortages forcing cash-handling retailers to adjust pricing strategies and some regional distribution centers to suspend penny orders. In the absence of nationwide guidance on rounding cash transactions, trade groups warn of potential lawsuits and operational confusion. Banks are worried about what the implication may be for cashing checks. “We want to make sure banks don’t suffer any inadvertent regulatory mishaps, because we’re trying to do the right thing a

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