A Missouri collector’s suggestion for legislation, sent to a new anti-waste government department, seeks to end production of the Lincoln cent and the $1 Federal Reserve note.

On X, DOGE pointed out the federal government spends more to produce the penny than its worth. But the penny has survived ...

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

While an average penny is worth a mere one cent, others are worth millions. Here's how to check if you have one.

The savings from eliminating the copper and zinc coins won't result in huge savings for the government, but it still makes sense, Obama says, as "anytime we're spending more money on something ...

Trump created DOGE and has given it a mandate to cut government spending. Musk has said that the agency is looking to trim $500 billion in government spending. The penny is worth only 1 cent and its ...