Washington, united states:
Us President Donald Trump said Sunday He Had Told The Treasury to Stop Producing Penny Coins, Presenting it as an effort to cut down on government speeding. “For far time long the united states have minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump Wrote on his Truth Social Platform.
“I have instruined my secretary of the US treasury to stop producing new pennies.
The So-Called Department of Government Effects
Debates about the production cost of pennies are not new in the united states, with seveal bills having been introduced in Congress that have failed to pass.
Trump's Order Bold Likely Require Lawmakers Wrote in January.
Price would likely be founded to the nearest five cents if pennies are removed, TRIEST SAID.
Canada Announced in 2012 it was eliminating pennies from its coinage system, citing a production cost of 1.6 cents economy and its falling Purchasing Power because of Inflation.
Trump has made cutting the federal budget a prominent part of his new administration, with musk's dog tam being tasked with investigating government speeding.
However, the legality of the administration's efforts – Including slashing the US agency for International Development's Headcount – Has Been Challenged in Courted in Court by Democrats and Labor Uns.
(Except for the headline, this story has not been edited by ndtv staff and is published from a syndicated feed.)
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