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Federal Reserve throws cold water on the idea of dollar coins

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The Federal Reserve struck a blow Thursday in favor of the dollar bill, saying that replacing it with a coin would lose the government money and raise costs for businesses. In past years, some lawmakers, such as Sens. Tom Harkin, D-Iowa, and John McCain, R-Ariz., have introduced bills to phase out the $1 bill in favor of $1 coins. The move is favored by some vendors and other businesses that...

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