"Let's rip the waste out of our great nations budget, even if it's a penny at a time," Trump wrote on Truth Social.
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Why is Donald Trump discontinuing the penny?The one cent coin costs more to produce than its value and is nearly obsolete in retail. But it has its supporters.
Around 4.1 billion pennies were circulated in 2023, costing the American taxpayers over $179 million. In 2024, $85 million.
As part of his plan to cut alleged federal government waste, President Donald Trump is literally pinching pennies, ordering ...
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