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

Trump has put Musk, the world's richest man and the CEO of Tesla, X, and SpaceX, in charge of the Department of Government ...

Elon Musk's Department of Government Efficiency aims to cut U.S. penny production costs, sparking debate on currency reform.

Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.

First of all, I learned *** lot from ... In fiscal year 2024, the US Mint said in its annual report that the U.S. penny costs about 3.7 cents to produce and distribute, up more than 20% from ...

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.