12
Feb
The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, by US President Donald Trump in an announcement on his Truth Social media account. “Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” Trump’s post said, describing the move as a cost-cutting measure. It comes after Elon Musk’s unofficial Department of Government Efficiency (Doge) drew attention to the cost of minting pennies in a post on X last month. The debate over the cost and usefulness of pennies has been…