Money to Burn: Big Bucks Blunder

August 14, 2013

The New York Times reports that the Treasury Department will literally be burning 30 million hundred dollar bills that the Fed found unacceptable due to printing and production errors. Another $30 billion is being held for inspection.

money-to-burn-gif

Tax dollars will be used to cover the costs of inspection, correction, production and delivery of the replacement bills. According to The Atlantic Wire, this could cost an additional $4 million.

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