Trump's Plan to Discontinue Penny Production Sparks Debate: Does it Add Up?
2025-02-11
ABC News
In a bid to reduce federal government waste, President Donald Trump has ordered the Treasury Secretary to halt production of new pennies at the U.S. Mint. This move aims to cut costs, but experts question its effectiveness. With the penny's production costing more than its face value, some argue it's a step towards fiscal responsibility, while others see it as a symbolic gesture. As the debate unfolds, the future of the penny remains uncertain, sparking discussions on government spending, budget cuts, and economic policy. The decision may have a ripple effect on the economy, influencing inflation and consumer behavior.