Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.
A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.
The Department of Government Efficiency (DOGE), noted that it cost the United States' 3 cents to make a penny.
Pennies cost more than 3 cents each to make, which has the little round Lincoln heads in the crosshairs of Elon Musk’s new ...
On X, DOGE pointed out the federal government spends more to produce the penny than its worth. But the penny has survived ...
The use of cash has been declining in recent years, according to the Federal Reserve's 2024 report on consumer payments.