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Treasury Department

2 GoKawiil briefs on this topic

Bipartisan bill formally ends penny production, allows commemorative 1-cent coins

A newly passed bipartisan bill directs the Treasury Department to stop minting pennies for general circulation, following last year's halt in regular production. The legislation includes one provision permitting the continued minting of commemorative 1-cent coins, even though they won't be meant for everyday spending.

Treasury to auto-enroll eligible children in 'Trump accounts' under new rules

The U.S. Treasury Department has issued new regulations allowing eligible children to be automatically enrolled in so-called 'Trump accounts' without parents needing to sign them up first. Parents will still need to claim the accounts afterward to gain full control over them.