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

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

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

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

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.

A gesture associated with the Nazis has a surprising history. But in Germany, there was little doubt about its meaning.

There are already some signals about which government expenses could be on the chopping block for Elon Musk's DOGE.

As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some ...

Billionaire Elon Musk's Department of Government Efficiency ... Pennies are mostly made of zinc, with a copper overlay to give them their distinctive color. While zinc's price fluctuates from ...

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