President Trump Directs Treasury to Cease Minting New Pennies
President Donald Trump has directed the Treasury Department to stop minting new pennies, attributing this decision to the increasing production costs that surpass the coin’s actual value. This action raises questions about the future of the one-cent coin in U.S. currency.
In the news, a recent article from The Associated Press detailed President Donald Trump’s directive to cease the minting of new pennies. This decision stems from concerns regarding the rising costs associated with producing the one-cent coin. Trump has instructed the Treasury Department to halt this process, aiming to alleviate financial burdens as the production cost continues to outweigh the coin’s value. As this development unfolds, public sentiment on the continued use of pennies is called into question.
The announcement by President Trump to stop minting new pennies is motivated by economic considerations regarding production costs. This decision reflects a significant shift in U.S. coinage policy, as discussions around the value of the penny come to the forefront of national conversation. The implications of this ruling could influence future monetary practices.
Original Source: www.goshennews.com
