The article discusses President Donald Trump’s decision to stop minting new pennies, citing the increasing cost of production as the primary reason. The directive has initiated debate about the future of low-value coins in the U.S. economy.
The article provides a summary of testimonies regarding the recent news related to the discontinuation of penny minting in the United States. According to President Donald Trump, this decision was made due to the growing expenses associated with producing the one-cent coin. The President has instructed the Treasury Department to cease minting new pennies. This move has sparked discussions about the practicality and financial implications of retaining such a low-value currency.
In summary, President Trump’s directive to halt penny production stems from rising production costs. This decision has prompted public discourse on the relevance and sustainability of the penny in modern currency. The implications of this change may significantly affect transactions and economic practices involving small denominations.
Original Source: www.goshennews.com
