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Tuesday, February 21, 2012

Feds Change Their Minds

Switching to dollar coins might save less federal money than first thought. The Government Accountability Office says getting rid of paper notes could save $4 billion over 30 years. That's down from an estimate last year that pegged the number at $5.5 billion. And either way, the government would lose money at first to pay for the new coins. Still, GAO says there is a benefit because the coins last longer.

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