Elon Musk’s DOGE proposes eliminating the U.S. penny to save $179 million annually in production costs.
Elon Musk’s Department of Government Efficiency (DOGE) is proposing to eliminate the U.S. penny to cut federal spending. Currently, it costs over 3 cents to produce each penny, totaling $179 million annually. Despite previous efforts to phase out the penny, attempts have stalled in Congress. DOGE aims to highlight and address this inefficiency, though they cannot unilaterally end penny production.
2 months ago
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