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Dollar Losing Value Against The Quarter

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Finance

Upcoming Changes To U.S. Currency

Secretary of the Treasury Jack Lew recently announced a series of significant changes to U.S. currency. Here are some of the more notable alterations on the horizon

Head Of IRS Has Personal Filing System To Keep Track Of Nation’s Tax Returns

Commissioner’s Office Cluttered With 100 Million Folders

WASHINGTON—Pointing out the towering stacks of manila folders cluttering his desk and stepping carefully around the millions of forms laid out on his office floor, Commissioner of the Internal Revenue Service John Koskinen showed reporters Thursday his own personal filing system for keeping track of everyone in the nation’s tax returns.

Grandmother Palms Grandson $10 Like She Fixing Boxing Match

NEW BEDFORD, MA—Waiting until her daughter and son-in-law were occupied getting drinks in the kitchen following a family dinner at her home Sunday, local grandmother Ellen Sullivan, 72, is said to have palmed her 11-year-old grandson Jason Tucci $10 like she was fixing a heavyweight boxing match.

Koch Brothers Get Each Other Same Election For Christmas

WICHITA, KS—Chuckling and shaking their heads as they described their annual family gift exchange to reporters, Koch Industries executives Charles and David Koch confirmed Wednesday they had unwittingly gotten each other the same election for Christmas this year.

Budget-Conscious Obamas Strongly Pushing Malia Toward UDC Community College

WASHINGTON—Repeatedly emphasizing the benefits of completing her core requirements at a fraction of the cost of a four-year school, President Barack Obama and First Lady Michelle Obama continued their efforts this week to persuade their 17-year-old daughter, Malia, to attend the University of the District of Columbia Community College.
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Dollar Losing Value Against The Quarter

NEW YORK—After falling 6 percent in the past three weeks, the U.S. dollar hit a 208-year low against the U.S. quarter, which had been valued at exactly 0.25 dollars since its introduction in 1796. "The dollar continues to slide against most major currencies," Morgan Stanley analyst Richard Jemison said. "At the end of the day Tuesday, the quarter was trading at .267 yen, .203 euros, and US$0.28. But what we're really seeing here is not just a dollar weakened by a sluggish economy, but an exceptionally resilient quarter-dollar." Jemison was quick to point out that the dollar remains very strong against the nickel.

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