Washington, United States: US President Donald Trump said Sunday he had told the Treasury to stop producing penny coins, presenting it as an effort to cut down on government spending. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote on … Read more
San Francisco, United States: As Elon Musk and his aides take control of the US Treasury’s payments system, the drastic job cuts and other shake-ups he instituted on buying Twitter may offer a preview of what government workers can expect. Musk, the world’s richest person, is leading President Donald Trump’s federal cost-cutting efforts under the … Read more
Washington, United States: The US Treasury said Tuesday that Elon Musk’s government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation. Musk, the world’s richest person, is leading President Donald Trump’s federal cost-cutting efforts under … Read more