Congress looks at stopping the buck - at the mint
WASHINGTON American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what's best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4. 4 billion over the next 30 years. Vending machine operators have long championed the use of $1 coins because they don't jam the machines, cutting down on repair costs and lost sales. But most people don't seem to like carrying them. In the past five years, the U.S. Mint has produced 2. 4 billion Presidential $1 coins. Most are stored by the Federal Reserve, and production was suspended about a year ago.
Keywords:
coins Mint bills the mint Royal Canadian Mint Sacagawea dollar Government Accountability Office chief operating officer Bill Huizenga Federal Reserve Steve Stivers Carolyn Maloney Vending machine Lacy Clay Financial Services raw materials new metal report nickel five years savings exploring Lorelei paper spinach appetite taxpayers upfront dimes auditors subcommittee loon Accountability hardness metallurgical bullet accrue bunch combinations penny operators copper alternatives pocket availability compositions cutting silver prices repairPeople:
bills
Overall Sentiment: 0.12514
Relevance: 0.834023
Philip Diehl
Overall Sentiment: 0
Relevance: 0.824943
| Sentiment | Quote |
|---|---|
| 0 | "We've never bitten the bullet to remove the $1 bill as every other Western economy has done," Diehl said. ... |
| 0.0415025 | "We've never bitten the bullet to remove the $1 bill as every other Western economy has done," Diehl said. "If you did, it would have the same success the Canadians have had." |
| 0 | "It's really a matter of just getting used to it," said Diehl, ... |
| Sentiment Stats: |
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Rep. Steve Stivers
Overall Sentiment: 0
Relevance: 0.485761
Rep. Bill Huizenga
Overall Sentiment: 0.240813
Relevance: 0.465387
Beverly Lepine
Overall Sentiment: 0.0745585
Relevance: 0.442829
Richard Peterson
Overall Sentiment: -0.205205
Relevance: 0.428486
Rep. Carolyn Maloney, D-N.Y.
Overall Sentiment: 0.0210518
Relevance: 0.422279
Rep. Lacy Clay, D-Mo.
Overall Sentiment: -0.24736
Relevance: 0.418492
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Country: U.S.
Overall Sentiment: 0
Relevance: 0.681715
StateOrCounty: WASHINGTON
Overall Sentiment: 0
Relevance: 0.523883
Organization: government
Overall Sentiment: 0.115932
Relevance: 0.865485
Organization: Congress
Overall Sentiment: 0.0458174
Relevance: 0.682573
Organization: Government Accountability Office
Overall Sentiment: 0.157087
Relevance: 0.67116
Organization: Royal Canadian Mint
Overall Sentiment: 0.16841
Relevance: 0.616028
Organization: St. James
Overall Sentiment: 0.0305103
Relevance: 0.54738
Organization: Federal Reserve
Overall Sentiment: -0.0305033
Relevance: 0.482927
Organization: House Financial Services
Overall Sentiment: 0.0290981
Relevance: 0.363284
- dollar bill
- dollar coin
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