Originally published on Fri November 30, 2012 7:56 am
Dollar coins featuring Andrew Johnson, the 17th president of the United States.
Credit John W. Poole / NPR
I have a bowlful of coins sitting on my bedside table. I do not have a bowlful of dollar bills sitting on my bedside table. Obviously.
Weirdly, this profoundly boring fact is significant. It is the reason — the only reason — that getting rid of the one-dollar bill and forcing everybody to use dollar coins would provide a financial benefit to the federal government.
Here's why. It costs less than $1 to create a dollar coin or a dollar bill. As a result, the government makes a profit when it puts coins and bills into circulation.
Sen. Robert Menendez, D-N.J., and 20 House members make up the Congressional Hispanic Caucus. Here, Menendez speaks in September in Sayreville, N.J.
Credit Mel Evans / AP
Determined not to be excluded from the post-election bipartisan talk of passing immigration legislation, the Congressional Hispanic Caucus on Wednesday rejected two Republican proposals while outlining its own priorities.
Rep. Nancy Pelosi, the Democratic minority leader in the House, says she's optimistic that Democrats and Republicans will reach a deal that would avoid triggering a wide array of tax increases and spending cuts scheduled to take effect in the new year and that experts say could send the economy into a recession.
There has not been a wave of defections by Republicans who signed on to his "no new taxes" pledge and even the few who have spoken about possibly going along with revenue increases won't do so in the end, anti-tax crusader Grover Norquist told NPR Tuesday.