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flag Elon Musk’s DOGE proposes eliminating the U.S. penny to save $179 million annually in production costs.

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

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