Penny-pinching budget cuts

Government agencies have been charged with lightening the country's debt load. Here are six of the quirkiest tricks.

1 of 6
BACKNEXT
A penny saved...
A penny saved...
Savings: $150 million per year by reducing material costs.

Think about this when you're rolling up your change: The government spends 1.8 cents to make one penny and 9 cents to produce a nickel.

Because metal prices are volatile and have shot up lately, the cost to make these two coins is more than what the metal being used to make 'em is worth -- by as much as $100 million a year.

So the government is loosening up its rules for what metals are used to used to make coins. Using cheaper metal should help bring the cost of making one penny closer to, well, one penny.

-- CNN's Scott Spoerry contributed to this report.


NEXT: E-stubs: Welcome to the 21st century
Last updated February 01 2010: 4:33 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Some Converse copycats cost big bucks A few bargain brands got swept up in Chuck Taylor's net, but others cost a pretty penny. More
Urban infrastructure gets a second life Railroad beds become parks, power plants become aquariums and slaughterhouses are now art centers as an industrial past turns people-centric. More
Boomtown moms From working mothers raising their kids in RVs to stay-at-home moms who spend their days organizing events for the Oil Wives club, meet the moms of North Dakota's oil boom. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.