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McDonald's wants to redefine what $2 buys

Have $2? McDonald's wants to change what your spare change can buy at its restaurants.

McDonald's is asking franchisees to approve a new value platform, with two-for-$2 menu offerings, a source confirmed to CNBC. Its advertising fund has already approved the new value message.

Franchisees will vote on the potential long-term value deal, which would include items like small fries and McDouble, by the end of October.

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During its last earnings call, McDonald's CEO Steve Easterbook stressed the need to return "to winning on value" and said the fast-food giant was evaluating options for a longer term value platform nationwide.

Nation's Restaurant News first reported the news.