Bill Gates said the federal deficit "needs to be brought down" when asked about DOGE during a recent interview.

There are already some signals about which government expenses could be on the chopping block for Elon Musk's DOGE.

Musk isn’t introducing a novel idea. For years, people have advocated eliminating the penny, as pennies are rarely spent as change. And since the Covid-19 pandemic, more consumers are shopping online or avoiding physical currency altogether .

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

Elon Musk's plan for the new Department of Government Efficiency (DOGE) may be in disarray following a number of changes to the initiative in recent days. Bill McGinley, who was appointed DOGE's legal counsel in December,

The savings from eliminating the cent might seem like small change, but every penny counts in dealing with the U.S. fiscal deficit.