DCA News & Resources

Federal Reserve Misrepresents Coins in Storage: Looks Out for Own Interests At Expense of Taxpayers

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Press Release: Financial Data Breaches in 2013 Indicate Electronic Payments Will Not Eliminate Demand For Cash

WASHINGTON, DC – In 2013, several security breaches compromised the credit card and financial information of millions of American consumers. The security breach at national retailer Target was responsible for the theft of debit and credit account information of 40 million customers alone. Security breaches such as this cause legitimate concern among both consumers and policymakers, and indicate that a move to a …

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Press Release: Federal Reserve Staff Working Paper Misrepresents Savings and Benefits of Dollar Coin

FEDERAL RESERVE STAFF WORKING PAPER MISREPRESENTS SAVINGS AND BENEFITS OF DOLLAR COIN Fed Ignores Billions in Savings for Taxpayers to Protect Its Profits from the Dollar Note WASHINGTON, DC (December 12, 2013)– A Federal Reserve staff working paper, released today, falsely argues against the dollar coin as a common sense solution to the deficit – when in fact multiple reports show …

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Fed FactCheck: Federal Reserve Looks Out For Own Interests at Expense of Taxpayers

Click here to view our “Fed Fact Check: Federal Reserve Looks Out For Own Interests at Expense of Taxpayers.” The Federal Reserve released a staff working paper in an attempt to protect their own best interests and distract the public from the billions in available savings from modernizing U.S. currency from the dollar bill to the dollar coin. Last year, …

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Press Release: GAO Again Recommends Move to Dollar Coin

GAO AGAIN RECOMMENDS MOVE TO DOLLAR COIN Currency Modernization Estimated to Save Taxpayers Billions WASHINGTON – The Government Accountability Office (GAO), Congress’ own budget watchdog, released a new report last week again recommending that the U.S. modernize its currency from the dollar note to the dollar coin in order to save billions of dollars for taxpayers. The independent, non-partisan GAO has now recommended …

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Press Release: Currency Modernization Will Save Taxpayers $13.8 Billion

  CURRENCY MODERNIZATION WILL SAVE TAXPAYERS $13.8 BILLION New Economic Analysis by Former Chief Economist for Senate Banking Committee Finds Budget Savings Are Nearly 3X Higher Than Recent GAO Estimates  Executive Summary – Time for Change: Modernizing To Dollar Coin Saves Taxpayers Billions Full Report – Time For Change: Modernizing To Dollar Coin Saves Taxpayers Billions WASHINGTON, DC – A new economic study estimates …

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