Elizabeth Warren of Massachusetts has sent her "DOGE Plan" to Elon Musk. The billionaire Tesla owner is head of the Department of Government Efficiency, or DOGE, which is supposed to trim federal ...
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.
According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.
Senate DOGE Caucus chair Joni Ernst (R-Iowa) has re-upped legislation to cut roughly $2 billion in taxpayer money spent on swag to promote federal agencies. Expenditures in Ernst’s crosshairs went ...
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 ...
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 […] ...
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 ...
Billionaire Elon Musk-led Department of Government Efficiency has set its sights on an unexpected target: the U.S. penny.
The official X account for DOGE, the reform department headed by billionaire Elon Musk, shared facts about penny production ...
President Donald Trump 's Department of Government Efficiency is looking into stopping production of the penny to save ...