US President Donald Trump has directed the Treasury Department to stop minting new pennies due to the high cost of production, which he called “so wasteful”. Trump made this announcement after attending the first half of the Super Bowl 2025 in New Orleans. In a post on his Truth Social network, Trump expressed his frustration with the cost of producing pennies, stating that they cost more than 2 cents to make.
The Trump 2.0 administration has been focused on cost-cutting measures, targeting entire agencies and cutting federal workforce. Trump emphasized the need to eliminate waste from the nation’s budget, even if it means cutting costs a penny at a time. While en route to the Super Bowl, Trump mentioned irregularities found by Elon Musk’s department of government efficiency (DOGE) in the Treasury Department’s data, suggesting that some payments may have been disregarded.
It is unclear whether Trump was referring to government debt or payments processed through the department. He hinted that if these irregularities were addressed, the country’s debt may be lower than previously thought. The decision to stop minting new pennies reflects Trump’s commitment to reducing wasteful spending and inefficiencies in the government.
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