Sen. Coburn supports move from $1 bill to $1 coin - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Sen. Coburn supports move from $1 bill to $1 coin

Posted: Updated:

OKLAHOMA CITY (AP) _ Oklahoma Sen. Tom Coburn has joined four other senators in promoting the replacement of $1 bills with $1 coins.

Coburn joined fellow Republican Sens. John McCain of Arizona and Mike Enzi of Wyoming and Democrats Tom Harkin of Iowa and Mark Udall of Colorado in introducing legislation to promote the $1 coin as a way to save money and reduce the federal deficit.

Coburn says the change should be a ``no-brainer.'' He points to a Government Accountability Office study that has estimated the savings of moving from paper to coin at between $200 million and $500 million a year.

Supporters of the change say the $1 coin is also environmentally friendly because the coin will last an estimated 30 years while a $1 bill lasts about three years.

Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.