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

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

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

President Trump and Elon Musk want the U.S. penny gone. There are currently 114 billion pennies in circulation, but the ...

Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny. DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million ...

Elon Musk's influence and outspoken nature have brought renewed attention to the debate over whether the penny still has a ...

President Donald Trump wants to end minting the penny, calling it a waste of money. So how much does it cost to make? The U.S. Mint says 3.69 cents.

Eliminating the penny is more than a practical cost-saving measure. It’s a test of our willingness to confront outdated ...

Why does Trump want to stop minting the penny? The coin now costs more than two cents to produce, Trump stated in a post on ...

President Trump announced on Sunday night that he plans to eliminate the manufacturing of pennies, which cost more than they ...

Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to ...

President Donald Trump announced he is directing the treasury secretary to stop the production of pennies as a cost-cutting ...