Trump says he has instructed US Treasury to stop minting new pennies: 'This is so wasteful!' (1 Viewer)

[FOX News]

President Donald Trump announced plans to put a stop to producing pennies, which cost more than their value to make.

"For far too long, the United States has minted pennies which literally cost us more than 2 cents," Trump wrote on Truth Social. "This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies."

He added, "Let’s rip the waste out of our great nation’s budget, even if it’s a penny at a time."

This is the president’s latest move to reduce spending in the U.S. after taking office on Jan. 20...

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