Elon Musk's DOGE has a new cost-cutting target: the U.S. penny
"The penny costs over 3 cents to make and cost U.S. taxpayers over $179 million in FY2023," DOGE wrote. "The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 …
Elon Musk’s DOGE is coming for the penny | CNN Business
5 days ago · DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over 4.5 billion pennies in …
Elon Musk's DOGE: Ditching the penny could save taxpayers billions
5 days ago · Producing pennies cost taxpayers more than it's worth, with each penny costing 3.7 cents to make in 2024. The rising cost of metals like zinc and copper contributed to the …
DOGE may target the penny: Why do we still have it anyway?
3 days ago · The same report suggested, however, that reducing penny production could save the Mint up to $100 million annually — that’s not even 1% of the $2 trillion Musk claimed DOGE …
DOGE Takes Aim at the Penny - Business Insider
Jan 22, 2025 · On Tuesday, DOGE's account on X highlighted the coin's mounting costs, writing that in fiscal year 2023, more than $179 million in taxpayer money was spent producing over …
DOGE Could Make Huge Change to Cash - Newsweek
6 days ago · On Tuesday, DOGE's new X, formerly Twitter, account said that in fiscal year 2023, taxpayers spent more than $179 million producing over 4.5 billion pennies, with each coin …
Elon Musk's DOGE Takes Aim At The US Penny Citing Soaring …
6 days ago · The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023. The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion …
Elon Musk's DOGE setting its sights on the penny - Fox Business
6 days ago · The penny is just one of many items that DOGE may look to eliminate as it sets its sights on cutting $2 trillion in federal spending. However, Musk admitted in early January that …
Penny-pinching: Elon Musk looks at the cent to cut costs
6 days ago · DOGE and Musk are "taking aim at an issue that has sparked debate for years," but these costs represent "mere metaphorical pennies when it comes to DOGE's mandate to cut …
Is It Time To Stop Making the Penny? DOGE, And Some
4 days ago · DOGE estimated that the Mint loses upwards of $100 million annually on pennies, which according to the Mint's annual report cost about 3.7 cents each to produce.