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GAO: Long-term savings, short-term hurdle in dollar coin switch

The federal government could save $4.4 billion over the next three decades by phasing out the $1 bill with a $1 coin, according to a new Government Accountability Office report. But the cost estimates for the first 10 years actually spell a loss for the government to the tune of $531 million.

Tags: GAO , Lorelei St. James , In Depth , Francis Rose , Scott Brown , Financial management , Treasury

Monday - 02/20/2012, 06:19pm EST