Without new pennies, state lawmakers rush to set rounding rules
Quick Insights
The Bottom Line
States are establishing rounding rules due to the end of penny production.
How This Affects You
Consumers and businesses will experience changes in daily financial transactions.
AI Summary
President Donald Trump's decision to end penny production caused a cash register shortage last summer. This move forced consumers and businesses to confront a "penniless future." State lawmakers are now rushing to establish rounding rules due to this development.
What's Being Done
State lawmakers are setting rounding rules.
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FinanceState lawmakers rush to set rounding rules for when there are no pennies - AP News
<a href="https://news.google.com/rss/articles/CBMiowFBVV95cUxQTEd1Y093SFBJQWRmc1pyNktiSjVkT3JwWmVjNXY3MkZZS2lRRUI2VV81YjJoU0dKeDVDVmliOVZ5UjZCUTd0TGdpTDA2d1g0R1hLNGJEVkVFZDhKUDd1SmhTMjBiZUc3TXVJTUJVT1ZWMDgzSXZTeC14cENCM2pac2otcUVVX3pBV2prX0dwdmJJbVNjVzRKbWpiUGRHQk44OUVZ?oc=5" target="_blank">State lawmakers rush to set rounding rules for when there are no pennies</a> <font color="#6f6f6f">AP News</font>
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Months after the U.S. minted its last penny, Americans are experiencing a shortage of the one-cent coin. CBS News reporter Kati Weis has the details on how some states are working on legislation to address the rounding issue in cash purchases.
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