The dollar bill's days may be numbered. At least, that could be the case if one government watchdog had its way.
A recent report from the Government Accountability Office, which is an arm of the U.S. Congress, argues that replacing U.S. dollar bills with dollar coins could save the government roughly $4.4 billion in net benefits over the next 30 years.
“We continue to believe that replacing the note with a coin is likely to provide a financial benefit to the government,” Lorelei St. James, a director the GAO, stated in a report prepared for a Congressional hearing on Thursday. “We realize that replacing the $1 note with the $1 coin is controversial.”
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