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

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

Could Trump get rid of the penny? - The cost of zinc — the primary metal used in penny-making — has doubled since 2016 ...

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 ...

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

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

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 ...

Trump created DOGE and has given it a mandate to cut government spending. Musk has said that the agency is looking to trim $500 billion in government spending. The penny is worth only 1 cent and its ...

In a move that could ultimately save U.S. taxpayers millions of dollars, the new Department of Government Efficiency seems to be eying eliminating the penny. As the […] ...

Meanwhile, Musk is gearing up to lead DOGE as the agency begins operations following Trump’s executive order. The multi-billionaire previously promised to cut $2 trillion from the federal government’s ...

The former Republican primary foe departs DOGE after his goal of trimming regulations was overtaken by Musk’s priority of ...

DOGE builds on the United States Digital Service, now rebranded as the U.S. DOGE Service. According to Trump's executive ...