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federal spendingCBS News
•Business
Business & Economics
83% Informative
Elon Musk's Department of Government Efficiency wants to trim federal spending.
The penny costs about 3 cents to make and cost U.S. taxpayers $179 million in FY2023 .
DOGE is taking aim at the penny's costliness, which has only grown over the past several years .
Other nations have ditched their equivalent of the penny .
VR Score
87
Informative language
89
Neutral language
16
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formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
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not detected
Time-value
short-lived
External references
10
Source diversity
9
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