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.
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.
Penny pinching: Elon Musk looks at the cent to cut costs
P resident Donald Trump has charged Elon Musk and his Department of Government Efficiency (DOGE) with slashing large portions of the federal budget, and one idea Musk has proposed
Elon Musk’s DOGE is coming for the penny
Musk isn’t introducing a novel idea. For years, people have advocated eliminating the penny, as pennies are rarely spent as change. And since the Covid-19 pandemic, more consumers are shopping online or avoiding physical currency altogether .
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.
Elon Musk’s DOGE setting its sights on the penny
The Department of Government Efficiency hinted it may be looking to eliminate the penny. Elon Musk's initiative says production of the coin is costing taxpayers millions of dollars.
Elon Musk's DOGE takes on the US penny, highlights how it costs thrice its value to make
The US penny costs over three cents to make, despite it denominating only one cent, costing taxpayers over $179 million in 2023
Musk's DOGE Goes After the Penny: 'Costs Over 3 Cents'
The Department of Government Efficiency (DOGE), noted that it cost the United States' 3 cents to make a penny.
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
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These 5 coins from the 1960s are worth thousands of dollars: how to know if you have one
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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 ...