Trump Orders Halt to Penny Production, Citing Cost Inefficiency
President Donald Trump has instructed the U.S. Treasury to stop minting new pennies, highlighting his administration’s focus on reducing government waste.
In a move to curb federal spending, President Donald Trump announced via his Truth Social platform that he has directed the U.S. Treasury to cease the production of new pennies. Trump criticized the cost of manufacturing the one-cent coin, which he claims exceeds 2 cents per penny, labeling it as ‘wasteful’.
This decision is part of a broader effort by Trump’s administration to cut costs across various government sectors. The President’s focus on eliminating what he perceives as unnecessary expenditures extends to targeting entire agencies and significant portions of the federal workforce for dismissal.
Trump’s announcement came after he attended the first half of the Super Bowl in New Orleans, showcasing his continued emphasis on fiscal responsibility. The move to stop penny production, while seemingly minor, reflects the administration’s commitment to scrutinizing even the smallest aspects of government spending in an effort to reduce the national budget deficit.