Elon Musk wants to kill the penny. The little coin has won this battle before.
Elon Musk has promised to find upward of $2 trillion in savings in a federal budget that is projected to spend $7 trillion in ...
Donald Trump, Elon Musk could get rid of this U.S. coin forever. Here’s why
Donald Trump is in office, and he has signed an executive order to create DOGE – the Department of Government Efficiency — with Elon Musk leading the way. The purpose of DOGE is, supposedly, to cut ...
Why ditching the penny may not cost Americans much
Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.
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DOGE wants to get rid of the penny, some say ‘hands off, it’s a slippery slope’
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 […] ...
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how much does the penny cost to make business insider?
A total of $289 was made by the Mint. Despite a $90 bill, the coin earned $1.0 million in seigniorage -- the difference between its market value and its cost to make. The penny and nickel drag a total ...
Elon Musk's DOGE has a new target for cutting federal spending: the U.S. penny
Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.