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 ...

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 ...

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

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

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 ...