Trump tells World Economic Forum he'll request $1 trillion from Saudi Arabi; Evacuation order issued in Sherman Oaks, ...

Far-left Sen. Elizabeth Warren sent Elon Musk a long list of proposed cuts for consideration by the Department of Government Efficiency (DOGE), which he is leading under Trump.

The Department of Government Efficiency hinted it may be looking to eliminate the penny. Elon Musk's initiative says production of the coin is costing taxpayers millions of dollars.

Washington has been awash in speculation as to what exactly this entity will attempt to do in the days following its creation by Trump’s executive order.

According to the U.S. Mint, the cost to produce a single penny jumped 20% during the 2024 fiscal year to 3.69 cents.

President Donald Trump signed an executive order Monday mandating all federal employees return to the office as part of his plans to slash federal spending - but it might not be that simple. Trump ...

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 ...

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 ...

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 […] ...

The use of cash has been declining in recent years, according to the Federal Reserve's 2024 report on consumer payments. Although the report doesn't specifically address penny usage, it notes that ...

The US penny costs over three cents to make, despite it denominating only one cent, costing taxpayers over $179 million in ...

Billionaire Elon Musk-led Department of Government Efficiency has set its sights on an unexpected target: the U.S. penny.