Trump directs US Treasury to stop minting pennies, citing high production costs, aims to cut spending

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WASHINGTON, Feb 10 — US President Donald Trump said yesterday he had told the Treasury to stop producing penny coins, pr...

However, the legality of some of the administration’s efforts — including slashing the US Agency for International Development’s headcount — has been challenged in court by Democrats and labour unions.

Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” he added.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaChinaOmanTaiwanUnited States

Topics: Us currency Coins Pennies US Treasury Department Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-10 @ 16:40:37 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 26021501

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

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Year Established: 1896

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News Last Updated: 2 hours ago

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