Trump Tells Treasury to Stop Minting New Pennies
February 10, 2025
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0:23Now PlayingTrump Tells Treasury to Stop Minting New Pennies
YouTube Description
as posted by the channelPresident Donald Trump said he has ordered a stop to minting new pennies because they cost more to make than they’re worth.
He announced that he has directed the Treasury Secretary to halt production of the one-cent coin featuring Abraham Lincoln as part of a broader effort to cut waste in the national budget.
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” he said in a Truth Social post. “This is so wasteful!”
The Elon Musk-led Department of Government Efficiency said in January that each penny costs more than 3 cents to make, costing US taxpayers about $179 million in 2023.
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