In an X post on Tuesday, DOGE (which the Trump administration was immediately sued over on Inauguration Day), wrote that the ...

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

The gold in deep storage is held as an asset of the United States at a book value of $42.22 per troy ounce. The book value ...

The cost to produce cents and five-cent coins continues to escalate well beyond face value, but the latest report from the ...

A trade war that raises prices would be much more complicated for the central bank than it was during Trump’s first term.

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few ...

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

Trump created DOGE and has given it a mandate to cut government spending. Musk has said that the agency is looking to trim $500 billion in government spending. The penny is worth only 1 cent and its ...

The use of cash has been declining in recent years, according to the Federal Reserve's 2024 report on consumer payments.

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 […] ...

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 ...