Musk isn’t introducing a novel idea. For years, people have advocated eliminating the penny, as pennies are rarely spent as ...

A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

Pennies cost more than 3 cents each to make, which has the little round Lincoln heads in the crosshairs of Elon Musk’s new ...

The Department of Government Efficiency (DOGE), noted that it cost the United States' 3 cents to make a penny.

On X, DOGE pointed out the federal government spends more to produce the penny than its worth. But the penny has survived ...

Elon Musk’s Department of Government Efficiency has a new target to cut costs: the US penny. CNN’s Boris Sanchez explains why ...

The use of cash has been declining in recent years, according to the Federal Reserve's 2024 report on consumer payments.

The official X account for DOGE, the reform department headed by billionaire Elon Musk, shared facts about penny production ...

Donald Trump is in office, and he has signed an executive order to create DOGE – the Department of Government Efficiency — ...

The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023,' the official DOGE account wrote on X ...

As Elon Musk prepares to launch the new Department of Government Efficiency, government watchdog groups are concerned about its purported scope and level of transparency.