DOGE may target the penny: Why do we still have it anyway?
(NEXSTAR) — From daylight saving time to diversity, equity, and inclusion programs, there are various aspects of the federal ...
Elon Musk's DOGE has a new target for cutting federal spending: the U.S. penny
Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.
No more pennies? 1-cent coins may be on the chopping block, Trump’s DOGE hints
The days of the penny may be coming to an end. In a post on X, President Trump’s Department of Government Efficiency, DOGE, led by billionaire Elon Musk, took aim at the cost of minting the 1-cent ...
Why ditching the penny may not cost Americans much
Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.
A new penny-pinching tactic? Elon Musk's DOGE says getting rid of the penny could cut costs
A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.
Could Trump get rid of the penny?
Trump has put Musk, the world's richest man and the CEO of Tesla, X, and SpaceX, in charge of the Department of Government ...
Elon Musk’s DOGE is coming for the penny
DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year.
Elon Musk takes on his biggest challenge yet: Getting rid of the penny
According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.