Future of the Penny
The committee examined the fiscal sensibility of producing the penny. According to the General Accounting Office, the U.S. Mint has circulated $2.88 billion worth of pennies in the economy, but only an estimated $1.32 billion worth are in use.
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- John Baldwin Director General Accounting Office->Government Business Operations
- William Gadsby Director General Accounting Office->Government Business Operations
- Michael N. Castle U.S. Representative [R] Delaware
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