Elon Musk’s DOGE Targets Costly U.S. Penny Production

Elon Musk’s DOGE Targets Costly U.S. Penny Production

In an attempt to reduce federal spending, Elon Musk's Department of Government Efficiency (DOGE) has set its eyes on the U.S. penny, an unexpected place to start. The organization, which was first established under the Trump administration, pointed out a startling inefficiency in U.S. Mint operations in a tweet on Tuesday. According to the Mint's 2024 data, each penny costs roughly 3.7 cents to make, while having a 1-cent face value. Approximate...

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