(NEXSTAR) — From daylight saving time to diversity, equity, and inclusion programs, there are various aspects of the federal ...

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

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

On X, DOGE pointed out the federal government spends more to produce the penny than its worth. But the penny has survived ...

On The Express this week, we dissect the flurry of economic executive orders and announcements from the Trump administration and identify the new power brokers influencing markets and the future of A.

The idea of halting penny production is not new ... as transactions would be rounded to 5-cent intervals," said the Federal Reserve Bank of Richmond in a 2020 blog post, according to CBS.

(NEXSTAR) — From daylight saving time to diversity, equity, and inclusion programs, there are various aspects of the federal government that the Department of Government Efficiency (DOGE) and ...

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 […] ...

According to the US Mint's 2023 report, the penny's unit cost increased by 12.9%, more than any other coin. Fewer people are using cash at all these days, according to the Federal Reserve's 2024 ...