Elon Musk — the world’s richest man alive — has been handed his own task force designed to reign in government spending. Here ...

The official X account for DOGE, the reform department headed by billionaire Elon Musk, shared facts about penny production ...

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

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 has put Musk, the world's richest man and the CEO of Tesla, X, and SpaceX, in charge of the Department of Government Efficiency, which is not actually a federal agency, but more of a small ...

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 ...

Led by Elon Musk, the green-horn federal advisory agency is the target of at least three lawsuits alleging that DOGE has ...

Inauguration ceremony for the newly elected president Donald Trump, who recently displayed his open-mindedness on the crypto market.

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.

The token reached a market cap of over $200 million within a few hours, prompted by Musk's promise to bring back the defunct app.

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