A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.
In a post on X, President Trump’s Department of Government Efficiency, DOGE, led by billionaire Elon Musk, took aim at the cost of minting the 1-cent coin, a price tag that’s increased 20% in the last ...
On X, DOGE pointed out the federal government spends more to produce the penny than its worth. But the penny has survived ...
Pennies cost more than 3 cents each to make, which has the little round Lincoln heads in the crosshairs of Elon Musk’s new ...
Donald Trump is in office, and he has signed an executive order to create DOGE – the Department of Government Efficiency — with Elon Musk leading the way. The purpose of DOGE is, supposedly, to cut ...
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According to Coinglass’s data, the long-to-short ratio of dog-themed memecoins DOGE and SHIB reads 0.79 and 0.82, ...
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Key Takeaways The penny has cost more to produce than it is worth for years, according to economists who have long called for ...