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Campaign to Cut Waste: Vice President Biden Announces U.S. Will Halt Production of Excess Dollar Coins

Department of Justice recovered a record $5.6 billion in fraud in 2011

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Washington, DC–(ENEWSPF)–December 13, 2011. As part of the Obama Administration’s Campaign to Cut Waste, Vice President Biden today announced the U.S. Mint would suspend the production of presidential dollar coins for circulation. Today, nearly 1.4 billion surplus dollar coins are sitting in Federal Reserve vaults due to lack of demand for the coins. By halting this unnecessary production, the administration will save taxpayers…

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