Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.

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

Trump has put Musk, the world's richest man and the CEO of Tesla, X, and SpaceX, in charge of the Department of Government ...

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 It’s a test of our willingness to confront outdated ...

Chump change Fortune favors the bold, so while it is important to point out the wasteful practice of manufacturing pennies at a cost of three cents each, it is literally small change (“Time to start ...

(NEXSTAR) — From daylight saving time to diversity, equity, and inclusion programs, there are various aspects of the federal ...

The DOGE argument hinges on the amount it costs to produce and circulate the penny, which is more than three times the coin's face value. A penny's total unit cost last year was $0.0369 ...

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.