News about 'US Federal Reserve'

Aug 15, 2013

New $100 bills for release this October, but $30 million to be destroyed due to printing problem

New $100 bills for release this October, but $30 million to be destroyed due to printing problem
By in United States No comments

The scheduled release of the new $100 bills will still be followed as earlier planned. This is despite the fact that new problems surfaced the US Federal Reserve made another inspection, and more than $30 million of the notes will be destroyed, according to a New Yorker report this Wednesday, August 14, 2013. New $100 […]


Jan 5, 2013

Trillion-dollar coin creation campaign launched to avoid US debt ceiling, White House petition says

Trillion-dollar coin creation campaign launched to avoid US debt ceiling, White House petition says
By in Economy, Finance, United States No comments

A US trillion-dollar coin creation is now the subject of a new White House petition, and is being believed to solve the US debt ceiling, which is now under debate among the politicians and President Barack Obama. The hashtag #mintthecoin was spread on Twitter, calling the US Treasury to mint a $1-trillion platinum coin. “With […]


Nov 29, 2012

$1 coins instead of bills? Use of coins instead of bills can save a lot of money for the government, GAO says

$1 coins US dollar bills
By in Finance, United States No comments

$1 coins instead of bills? This is the question that most Americans are now asking after the Government Accountability Office (GAO) reported that circulation of coins instead of bills can save a lot of money for the US government, recommending the stop of printing dollars and make more $1 coins instead. $1 coins and a […]