Trump asks US Treasury Dept to stop production of pennies, says "Rip waste out of our great nation's budget."

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Trump asks US Treasury Dept to stop production of pennies, says "Rip waste out of our great nation's budget."

//politics-government.news-articles.net/content/ .. -rip-waste-out-of-our-great-nation-s-budget.html

Published in Politics and Government on Monday, February 10th 2025 at 3:40 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

United States President Donald Trump has announced that Washington DC will stop minting pennies, citing their high production cost, which exceeds their face value and termed the practice "wasteful."President Trump said Sunday that he has instructed Treasury Secretary Scott Bessent to "stop producing new pennies.

The article from MSN discusses former President Donald Trump's call to the U.S. Treasury Department to cease the production of pennies, arguing that they are a waste of resources and contribute to unnecessary spending in the national budget. Trump's proposal aims to eliminate what he perceives as trivial expenditures, highlighting the penny's minimal purchasing power and the cost inefficiency of producing them. This move is part of a broader initiative to streamline government spending and reduce what he refers to as "rip waste" from the nation's budget. The article also touches on the broader implications of such a decision, including potential changes in everyday transactions and the symbolic value of the penny in American culture.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/politics/government/trump-asks-us-treasury-dept-to-stop-production-of-pennies-says-rip-waste-out-of-our-great-nation-s-budget/ar-AA1yJaVd ]

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