Latest / Sacramento News Today | 2 Min News | The Daily News Now!
Penny Phase-Out Gets Legal Clarity | Sacramento News
The House just passed the Common Cents Act — a game-changer for cash transactions as we phase out the penny. It lets businesses round purchases to the nearest nickel, ending legal headaches over missing pennies and giving small businesses protection from lawsuits. While the Treasury will stop minting pennies after November 2025, existing coins still hold value. For cash users — about 25% of Americans — this means smoother, fairer transactions, and for restaurants and retailers, a much-needed reprieve from penny-related losses. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.