The Pro Trump News homepage has 60 new headings every 24 hours. Click here to check.
Donald Trump has called on the US Treasury to stop the US penny construction.
Trump said, “This is so useless! I have instructed the US Treasury secretary to stop production of new pennies. Even if it's a pennies at once, we're doing great things. Let's tear waste from the budget of the country.”
For a long time, the US has been building pennies, which literally cost more than two cents. This is a very wasteful! I instructed the US Treasury secretary to stop production of new penny. Let's tear waste from the budgets of our great nation, even if it's a penny at once.
The cost of producing each penny is 3.69 cents. This would cost taxpayers $119 million.
The Office of Government Efficiency (DOGE), led by billionaire Elon Musk, posted last month on X that penny production cost thousands of dollars in US taxpayers, and items that they might think would eliminate It suggests that it may be one of the following:
The mask's initiative aimed at cutting $2 trillion federal spending did not directly say Penny would be eliminated, but emphasized that it would actually cost three times more than its worth it .
According to the US Mint, each penny is 3.69 cents of produce in 2024, costing taxpayers $119 million. This marked the 19th consecutive year when production exceeded its face value.
In the United States, Penny was one of the first coins created by the US Mint after it was founded in 1792. When first produced, the coin was large and made of pure copper. According to the US Mint, today's small coins are made primarily of zinc.
advertisement
