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

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

In a post on X, President Trump’s Department of Government Efficiency, DOGE, led by billionaire Elon Musk, took aim at the cost of minting the 1-cent coin, a price tag that’s increased 20% in the last ...

creating a perpetual-motion-machine of coins that no one seems to use. A conservative estimate found that there are 240 billion pennies lying around the U.S.—about 724 pennies for every person ...

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 in ...