WASHINGTON (AP) — President Donald Trump says he has directed the Treasury Division to cease minting new pennies, citing the price of producing the one-cent coin.
“For much too lengthy america has minted pennies which accurately value us greater than 2 cents. That is so wasteful!” Trump wrote in a put up Sunday night time on his Fact Social web site. “I’ve instructed my Secretary of the US Treasury to cease producing new pennies.”
Trump’s new administration has been sharply targeted on chopping prices, concentrating on whole businesses and enormous swaths of the federal workforce for dismissal.
“Let’s rip the waste out of our nice nations funds, even when it’s a penny at a time,” he wrote.
Trump despatched the message after attending the primary half of the Tremendous Bowl in New Orleans.
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