https://www.live-feeds.com/feed/first-the-penny-now-the-nickel-congress-moves-closer-to-passing-common-cents-actContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/first-the-penny-now-the-nickel-congress-moves-closer-to-passing-common-cents-acthttps://www.live-feeds.com/feed/first-the-penny-now-the-nickel-congress-moves-closer-to-passing-common-cents-act#u44512Mon, 17 Aug 2026 15:55:08 +0000The US Senate has passed the Common Cents Act, which could lead to changes in nickels and how cash payments are made. The bill aims to allow for the rounding of cash transactions to the nearest five-cent increment, potentially phasing out the use of pennies and nickels. The act has garnered support from some retailers, but concerns have been raised about its impact on consumers.Why it mattersThe Common Cents Act comes after the retirement of the penny, and its passage could have significant implications for the way people pay with cash. The bill's proponents argue that it will simplify ca