Trump Directs Treasury to Halt Production of Pennies

President Trump has ordered the Treasury Department to stop minting pennies, citing the rising costs of production. This decision may alter the landscape of U.S. currency as discussions regarding the necessity of low-denomination coins continue.

In a recent statement, President Donald Trump announced that he has instructed the Treasury Department to cease the production of new pennies. This decision arises due to the escalating costs associated with manufacturing the one-cent coin. The move reflects ongoing discussions about the relevance and practicality of retaining low-denomination currency in the U.S. economy.

In summary, President Trump’s directive to halt the minting of pennies highlights fiscal concerns surrounding the production of low-denomination coins. This initiative could signify a shift in U.S. currency policy as the Administration seeks to address rising production costs.

Original Source: www.goshennews.com