Reported about 12 hours ago
Rick Newman discusses Donald Trump's plans to eliminate the penny amid broader efforts to cut spending and finance new tax cuts. While the production of pennies incurs a loss for the government, the larger goal involves significant budget savings to offset potential tax cuts adding trillions to the national debt. Trump's administration, influenced by figures like Elon Musk, aims to identify substantial reductions in various federal programs, but faces challenges in implementing these changes without congressional approval.
Source: YAHOO