President Donald Trump promised to penny-pinch the federal budget if reelected. Turns out he meant that literally: On Sunday, Trump says he instructed Treasury Secretary Scott Bessent to cease production of the penny to further the goal of reducing unnecessary government spending.
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote on Truth Social. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.”
