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

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

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

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

According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.

Billionaire Elon Musk-led Department of Government Efficiency has set its sights on an unexpected target: the U.S. penny.

The US penny costs over three cents to make, despite it denominating only one cent, costing taxpayers over $179 million in ...

Elon Musk’s Department of Government Efficiency (DOGE) has identified a new priority in its quest to slash federal spending: the humble American penny. In a post on X this Tuesday, DOGE noted that the ...

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 ...

The use of cash has been declining in recent years, according to the Federal Reserve's 2024 report on consumer payments. Although the report doesn't specifically address penny usage, it notes that ...