Financial flub: Fixing bills might cost feds a mint 

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WHAT: The federal government said it needs to check more than 1 billion new $100 bills because of production glitches.

THE PROBLEM:
The slew of holograms and high-tech anti-counterfeiting features on the new bills caused the paper to fold on the presses, leaving blank spaces and unwanted creases.

WHY IT’S OUTRAGEOUS:
It could cost the government millions of dollars — not to mention time and labor — to check and possibly reprint the bills. They were supposed to go into circulation in February, but that deadline likely will not be met. The government estimates that up to a third of the new money is flawed.

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Staff Report

Staff Report

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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