Elon Musk's DOGE has a new cost-cutting target

Elon Musk's DOGE has a new cost-cutting target: 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.
Elon Musk takes on his biggest challenge yet: Getting rid of the penny
According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.
Musk's DOGE Goes After the Penny: 'Costs Over 3 Cents'
The Department of Government Efficiency (DOGE), noted that it cost the United States' 3 cents to make a penny.
Elon Musk’s DOGE could pinch the US penny in government efficiency bid
The official X account for DOGE, the reform department headed by billionaire Elon Musk, shared facts about penny production in the United States — which is an affront to both efficiency and frugality.
Neither Social Security nor IRS: all Americans have it in their pocket and it is the next target of Elon Musk’s DOGE
Elon Musk’s Department of Government Efficiency (DOGE) has identified a new priority in its quest to slash federal spending: the humble American penny. In a post on X this Tuesday, DOGE noted that the United States spends roughly three cents to mint each penny—even though its face value is, of course, just one cent.
Elon Musk's DOGE Takes Aim At The US Penny Citing Soaring Production Costs
Billionaire Elon Musk-led Department of Government Efficiency has set its sights on an unexpected target: the U.S. penny.
Elizabeth Warren sends Elon Musk her "DOGE Plan" for spending cuts
BOSTON - Sen. Elizabeth Warren of Massachusetts has sent her "DOGE Plan" to Elon Musk. The billionaire Tesla owner is head of the Department of Government Efficiency, or DOGE, which is supposed to trim federal spending .
Elon Musk's DOGE takes on the US penny, highlights how it costs thrice its value to make
The US penny costs over three cents to make, despite it denominating only one cent, costing taxpayers over $179 million in 2023
DOGE takes aim at the penny
On X, DOGE pointed out the federal government spends more to produce the penny than its worth. But the penny has survived ...
Trump, Musk’s DOGE looking to stop minting of this coin
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 ...
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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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Will Musk-Dominated DOGE Go Big or Small?
With Ramaswamy gone, Musk’s DOGE will be inside the White House. The size of its ambitions for remaking the federal ...
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With DOGE, Elon Musk could face a task tougher than rocket science
Elon Musk has kept his name in the headlines in the days following President Donald Trump’s inauguration by sparring with tech industry rivals like OpenAI’s Sam Altman on social media and ...
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Dogecoin Dumps as Elon Musk's DOGE Agency Website Removes Meme Imagery
Following a Tuesday pump, Dogecoin is on the way back down after Elon Musk's DOGE agency website ditched the iconic meme ...
How DOGE’s Efforts May Be Unlucky for the U.S. Penny
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.