President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin.
  • nailingjello@lemmy.zip
    81·
    2 days ago

    From the article:

    Can Trump really order the Treasury to stop minting pennies without Congress’ approval?

    Yes, according to legal scholar Laurence H. Tribe, the Carl M. Loeb University Professor of Constitutional Law Emeritus at Harvard University.

    U.S. code gives the Treasury Secretary the authority to mint and issue coins “in amounts the secretary decides are necessary to meet the needs of the United States.”