Trump Orders Treasury to Halt Minting New Pennies to Cut Waste
New York TimesJAN 27
Trump Orders Halt to Penny Production
Above: US Pres. Donald Trump has ordered the treasury to stop making pennies. Image copyright: Tim Boyle/Staff/Getty Images News via Getty Images
The Spin
Republican narrative
This continues the fulfillment of Trump's campaign promise to have DOGE cut wasteful expenditures. But this is also one of the President's most bipartisan ideas, as figures on both sides of the political spectrum over the years have lamented the high cost of minting pennies.
Democratic narrative
While some may consider this a reasonable proposal at first, it's quite clear that the Constitution granted the power to mint currency to Congress, not the president. In addition, stopping penny minting sadly won't be as cost-saving as some would have you believe.