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Elon Musk’s DOGE is coming for penny

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.

CBS News on MSN · 3d

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.

AOL · 2d

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.

CNN on MSN · 1d

Elon Musk’s DOGE is coming for the penny

Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US 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.

Barron's on MSN · 1d

Kill the Penny? Elon Musk’s DOGE Found a Way to Save Money.

The savings from eliminating the cent might seem like small change, but every penny counts in dealing with the U.S. fiscal deficit.

KDFW · 1d

Elon Musk's DOGE setting its sights on the penny

Elon Musk's Department of Government Efficiency (DOGE) is eyeing ways to slash government spending. One of its first targets could be the penny.

19hon MSN

Is It Time To Stop Making the Penny? DOGE, And Some Economists, Are Wondering

Key Takeaways The penny has cost more to produce than it is worth for years, according to economists who have long called for ...

You might have a penny worth $1 million or more. Here’s what to look for

Earlier this month, PennLive shared there are quarters floating around out there that could be worth up to $10,000, and those ...

2don MSN

This penny from 1983 could be worth $7,000

The U.S. minted about 7.7 billion pennies in 1983 but only about 5,000 of them have the doubling error. The mistakes and the rarity is what drives the price up, with some of the coins, known among ...

1don MSN

How DOGE’s Efforts May Be Unlucky for the U.S. Penny

A DOGE social media post details the cost of producing nearly valueless one cent coins, sparking speculation it may add ...

11d

These 5 coins from the 1960s are worth thousands of dollars: how to know if you have one

There are several coins on the market that can be worth hundreds or thousands of dollars if they meet certain characteristics ...

2don MSN

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 ...

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