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Search Tags: U.S. Mint
Tags: Treasury ,
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.
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.
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
The penny still has President Lincoln on the front, but the back no longer features the Lincoln Memorial. Instead there is a "preservation shield."