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You're saying it actually costs more to make a penny than the penny itself is worth? >> 1.7 cents. it costs almost 2 pennies to make 1 penny and austin goolsby before he was obama's chief economist wrote an op-ed for "the new york times" and says how dumb do you have to be to mint money at a loss. we would save billions if we retired the penny. it's important to say the penny isn't doing what we meant it to do. when it became our lowest denominator of currency when the half cent was phase the out, it was worth 26 cents. we don't need a coin as low as it's worth as little as a penny. if you sto...

Oil prices dropped again today. april futures fell 64 cents to close at $104.38 a barrel. gas prices were up about a half cent overnight. the national average remains around $3.52 a gallon. with each extra penny or two at the gas pump, the pressure mounts on president obama to do something about it. white house correspondent wendell goler looks at one option gaining momentum. >> with gasoline prices on their fastest rise since hurricane katrina, president obama is under pressure to tap the nation's strategic petroleum reserve. democratic senator chuck schumer yesterday joined several democrats...

Thank you, james. oil prices dropped again today. april futures fell 64 cents to close at $104.38 a barrel. gas prices were up about a half cent overnight. the national average remains around $3.52 a gallon. with each extra penny or two at the gas pump, the pressure mounts on president obama to do something about it. white house correspondent wendell goler looks at one option gaining momentum. >> with gasoline prices on their fastest rise since hurricane katrina, president obama is under pressure to tap the nation's strategic petroleum reserve. democratic senator chuck schumer yesterday join...

What she did. they don't sign the papers. i'm the one who signs them. will you let them go? i mean, you are obviously upset at me. so why are they here? >> they're part of it. >> part of what? >> the scandal. >> sir, i don't know what you were in -- >> this is to stop the taxes, okay? you said we don't need no taxes -- >> no -- >> plenty of money. as soon as you gutted the school system, then you turned around and said, oh, now we need this half cent sales tax again. >> i said we needed sales tax from the very beginning. >> i can't pay on that. >> yes, you did. you can look on the material. i ...

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