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

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 ...

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

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 ...

DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year.

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.

Not having a penny to your name doesn’t have the sting it once did. At the Trump administration’s so-called Department of Government Efficiency, Elon Musk has revived the great penny debate ...