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

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

Elon Musk has promised to find upward of $2 trillion in savings in a federal budget that is projected to spend $7 trillion in ...

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

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 ...

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 ...

A DOGE social media post details the cost of producing nearly valueless one cent coins, sparking speculation it may add pennies to its federal cost-cutting hit list.

Now, if you’re paying with cash in Canada, purchases are rounded to the nearest nickel (a $ ... money is lost on the penny, there’s profit in the quarter and dollar coin which “more than ...

The penny isn't the only coin that costs more to make than its value; the US Mint's 2024 report found that every nickel produced costs about 14 cents to make. It remains to be seen if DOGE will go ...