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The US penny costs over three cents to make, despite it denominating only one cent, costing taxpayers over $179 million in 2023 Elon Musk's Department of Government Efficiency (DOGE) created to ...

Musk’s initiative, aimed at cutting $2 trillion in federal spending, didn’t directly state that the penny would be eliminated, but highlighted that it costs three times more to make than it ...

Pennies are only worth one cent. "The penny costs over 3 cents to make and cost U.S. taxpayers over $179 million in FY2023," the message from DOGE read. "The Mint produced over 4.5 billion pennies ...

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Its mission is supposedly to find ways to make the government more efficient and cost effective. On Tuesday, DOGE shared a message noting that the US spends approximately 3 cents to mint every penny.

Billionaire Elon Musk’s Department of Government Efficiency is looking at stopping production of the U.S. penny, saying that the coin costs more to manufacture than it’s worth. But eliminating ...