President Trump Directs Treasury to Cease Minting Pennies

President Trump has directed the Treasury Department to stop minting new pennies, citing rising production costs. This decision is part of a broader initiative to improve fiscal efficiency within the government.

On February 10, a report by the Associated Press highlighted that President Donald Trump stated he has instructed the Treasury Department to cease the minting of new pennies. This decision arises from concerns regarding the increasing expense associated with producing the one-cent coin. The President’s directive seeks to address fiscal inefficiencies related to coin production, aiming for a more effective allocation of government resources.

In summary, President Trump’s directive to halt the minting of pennies underscores a commitment to optimizing federal expenditures. By recognizing the financial impracticality of producing the one-cent coin, the administration emphasizes the necessity of reassessing the value of currency production in relation to current economic conditions.

Original Source: www.goshennews.com