Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.

(NEXSTAR) — From daylight saving time to diversity, equity, and inclusion programs, there are various aspects of the federal ...

Elon Musk’s Department of Government Efficiency has a new target to cut costs: the US penny. CNN’s Boris Sanchez explains why ...

The newly formed Department of Government Efficiency, led by Elon Musk, is proposing a reduction in penny production as a ...

Is it time to get rid of the penny? A 2022 survey found that 58% of Americans believe that the government should stop making ...

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 ...

A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.

Trump has put Musk, the world's richest man and the CEO of Tesla, X, and SpaceX, in charge of the Department of Government ...

Musk isn’t introducing a novel idea. For years, people have advocated eliminating the penny, as pennies are rarely spent as ...

Contemplating the fate of the coin isn’t worth your time—and that's exactly the point, according to economists who say it’s high time to phase out the one-cent piece.