Former President Donald Trump, back in office, has signed an executive order to create DOGE, the Department of Government Efficiency, led by Elon Musk. DOGE's mission is to reduce government spending, with numerous programs and positions on the potential chopping block. The department is also reportedly considering eliminating the penny, citing its production cost exceeding its face value. The US Mint previously acknowledged the penny's production cost surpassed its worth for 19 consecutive years.
Published: Jan. 24, 2025, 5:15 a.m. 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 away the excess spending in government, and there are a lot of programs and job positions that have reportedly already been added to the chopping block., Trump and Musk could also change the way you count your money or, at least, the look of your change jar. And that is because, per the site, the penny could be on the list of things they are planning on getting rid of.You might have a penny worth $1 million or more.
Per Fortune, DOGE incorrectly attributed the $179 million loss to just the penny when it was, in fact, the combined loss of making both the penny and the nickel. Still, it does seem silly to lose money making money. So, it will be interesting to see if the nickel becomes a target, too, and how they might go about getting rid of the penny.
If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
DONALD TRUMP ELON MUSK DOGE GOVERNMENT SPENDING PENNY ELIMINATION
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump's 'DOGE' Department: A Bizarre Plan With No Real PowerDonald Trump's plan for a 'Department of Government Efficiency' (DOGE) is raising eyebrows for its lack of structure, questionable qualifications of its leaders, and potential for chaos.
Read more »
DOGE: Trump's Fight for Government Efficiency Raises Constitutional ConcernsElon Musk and Vivek Ramaswamy join forces in Trump's Department of Government Efficiency (DOGE), aiming to overhaul the bureaucracy. However, their approach, relying heavily on business perspectives and potentially undermining established constitutional norms, has raised concerns from public administration experts.
Read more »
Doge Meme Appears in US Senate: 'Doge Inevitable'; Dogecoin Founder ReactsDogecoin founder has highlighted recent speech by Senator Joni Ernst with canvas of DOGE meme
Read more »
DOGE or no DOGE, it’s time for Congress to fix Social SecurityRejecting policies that make the problem harder to solve is a good place to start.
Read more »
Public Citizen Leaders Seek Appointment to Trump's 'Department of Government Efficiency'Public Citizen co-presidents Robert Weissman and Lisa Gilbert have requested to be appointed to the Trump administration's newly formed 'Department of Government Efficiency' (DOGE). They argue that their experience advocating for consumer and public interests would offer a valuable counterbalance to potential conflicts of interest from other appointees, such as Elon Musk and Vivek Ramaswamy. Weissman and Gilbert also emphasize their commitment to evidence-based efficiency proposals that would save taxpayers money and promote public investments in areas like human development and climate change.
Read more »
Trump's Department of Government Efficiency: A Bold Step Towards Debt ReductionTrump's newly established Department of Government Efficiency (DOGE), headed by Elon Musk and Vivek Ramaswamy, aims to tackle the nation's crippling debt by streamlining bureaucracy, slashing regulations, and promoting efficient resource allocation. The article highlights the DOGE's potential to reduce wasteful spending, increase accountability, and inspire nationwide reform efforts.
Read more »