Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.
(NEXSTAR) — From daylight saving time to diversity, equity, and inclusion programs, there are various aspects of the federal ...
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 coin, a price tag that’s increased 20% in ...
Trump has put Musk, the world's richest man and the CEO of Tesla, X, and SpaceX, in charge of the Department of Government Efficiency, which is not actually a federal agency, but more of a small ...
According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.
Bing Crosby entertained the nation by crooning “Pennies From Heaven,” but in 2025 it seems that pennies are The Coin From Hell.
A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.