More than $1 billion sitting in storage at Federal Reserve
Fri, 06 Jun 2014 21:36:17 GMT —
The Federal Reserve has more than a billion dollars in coins just being stored, collecting dust, according to the Washington Times.
Phillip Swarts, of the Washington Times, said this cash in storage is, "Part of the larger war between the $1 coin and the $1 bill and the government's efforts to switch over to the coin."
This week's Golden Hammer story, a weekly story that shines the spotlight on possible government waste and abuse of tax dollars, can be found on The Washington Times.