India, Feb. 10 -- US President Donald Trump directed the Treasury Department to stop minting new pennies as the cost of producing the coins is "so wasteful".

In a post on his Truth Social network, Trump said, "For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies."

The Trump 2.0 administration has sternly been maintaining its focus on cost cutting, targeting entire agencies and dismissing scores of federal workforce.

"Let's rip the waste out of our great nations budget, even if it's a penny at a time," Trump wrote.

The US President sent this message after attending the first half of the Super ...