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<p>[QUOTE=&quot;charley, post: 7683426, member: 5372&quot;]I think you may be misinterpreting. All appropriations involving budgetary increases due to Federal Contracts require Congressional Approval and Oversight.</p><p><br /></p><p>It is also incorrect concerning the long term lock ins and the supplier &#039;taking the hit&quot;. that is not how T&amp;M COs work on Federal Contracts. If that were the situation, the public would never see any increases for any product the Fed purchases on behalf of the People. The Mint is subject to the same fiscal discipline and laws that Treasury is, and I am certain you would agree.</p><p><br /></p><p>No, such costs do not carry over until the expiration of the Contract. There are approximately 14 million Fed Contract cases that do not support your position, of which just over 1.2 million are Treasury Contract cases.</p><p><br /></p><p>Coincidentally, the Fed does not actually have to pay the Contract price when the source supply cost is reduced. I refer you to the Contracts language concerning the subject. Such Contracts are very particular, when the Contract is based on PMs.[/QUOTE]</p><p><br /></p>

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