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Saving money by making money: One engineer's quest saves millions at the US Mint

A savings of $2 million per year is now being realized at the U.S. Mint after an innovative engineer stepped out of the box and asked a friend at another federal agency for help. In part three of our special report, Rainmakers and Money Savers, Federal News Radio takes you inside the lab where a group of engineers and nanotribologists combined their expertise to solve a coin-making problem and, in turn, saved a lot of cash.

Tags: Tony Ying , Richard Gates , National Institute of Standards and Technology , Rainmakers and Money Savers , Lauren Larson

Thursday - 08/14/2014, 04:24am EDT
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Gallup to pay millions to settle complaints of inflated contract prices

Polling and research firm Gallup will pay $10.5 million to settle allegations that it violated the False Claims Act and the Procurement Integrity Act. The government alleged Gallup knowingly inflated contract prices.

Tags: Timothy Cannon , Michael Lindley , State Department , Justice Department , False Claims Act , Gallup , acquisition , FEMA , Ronald C. Machen Jr. , Stuart F. Delery , Cogan Schneier , whistleblower

Monday - 07/15/2013, 06:42pm EDT

US Mint testing new metals to make coins cheaper

Tags: Treasury ,

Thursday - 12/20/2012, 09:46am EST

Treasury, HHS, Justice find more areas to cut waste

Cutting back on excess dollar-coins, tackling Medicare prescription drug abuse and prosecuting procurement fraud are just some of the ways the White House says agencies cut back on government waste in 2011.

Tags: management , OMB , HHS , DoJ , Treasury , Campaign to Cut Waste , Joseph Biden , waste , fraud , abuse , Medicare , Medicaid , Kathleen Sebelius , Neal Wolin , James Cole , Jared Serbu

Wednesday - 12/14/2011, 05:14am EST
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GAO says switch to dollar coins could save $5.5 billion

A jingling of coins may soon replace the rustling of dollar bills, if a new, money- saving plan by the GAO is enacted. The move could save the U.S. more than $5.5 billion over 30 years, GAO's Lorelei St. James told Federal News Radio.

Tags: GAO , Federal Reserve System , Bureau of Engraving and Printing , Federal Drive , Lorelei St. James , money , dollar bill

Monday - 10/31/2011, 11:37am EDT
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U.S. Mint rebounding from technology deficiencies

Goutam Kundu, the agency's CIO, is focusing on reducing the number of applications, modernizing its systems and improving online customer service.
June 23, 2011

Tags: technology , Goutam Kundu , cloud computing , customer relationship management , ITIL , Ask the CIO , Jason Miller

Thursday - 06/23/2011, 10:17pm EDT
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New pennies don't feature the Lincoln Memorial

The penny still has President Lincoln on the front, but the back no longer features the Lincoln Memorial. Instead there is a "preservation shield."

Tags: Pennies , Abraham Lincoln , Lincoln Memorial , Gordon Hume

Sunday - 08/08/2010, 02:23pm EDT