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Trump directs Treasury Secretary Scott Bessent to ‘stop producing new pennies’
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Breitbart, National

Trump directs Treasury Secretary Scott Bessent to ‘stop producing new pennies’

By Elizabeth Weibel | Breitbart President Donald Trump announced he had instructed Treasury Secretary Scott Bessent to have the Treasury Department stop making new pennies, explaining that it costs more than two cents to make them. “For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump wrote in a post on Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump’s post comes after Elon Musk’s Department of Government Efficiency (DOGE) wrote in a post on X in January that the penny costs more than three cents to make and cost American taxpayers “over $179 million in FY2023.” READ TH...
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Trump’s Treasury pick Scott Bessent says ‘spending is out of control’
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The Center Square, National

Trump’s Treasury pick Scott Bessent says ‘spending is out of control’

By Brett Rowland | The Center Square President-elect Donald Trump's nominee to lead the Treasury Department said federal spending is "out of control." Scott Bessent, an investor and hedge fund manager, testified Thursday before the U.S. Senate Finance Committee.  "We do not have a revenue problem in the United States of America. We have a spending problem," Bessent said. "This is one of the things that got me out from behind my desk and my quiet life in this campaign, was the thought that this spending is out of control." The U.S. national debt stands at more than $36 trillion and is expected to surpass $37 trillion later this year. Experts and federal authorities, including the U.S. Government Accountability Office, have warned for years that federal spendi...
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Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
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Fox Business, National

Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office

By Eric Revell , Sarah Rumpf-Whitten , Louis Casiano  | Fox Business President-elect Trump nominated Scott Bessent to serve as Treasury Department secretary once he returns to the White House in January. In a statement on Friday, Trump highlighted Bessent's expertise. "I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," he said. "Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists. Scott’s story is that of the American Dream." READ THE FULL STORY AT FOX BUSINESS
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