The federal government will run out of existing funds to pay the nation’s bills sometime this summer unless Congress acts to raise the debt ceiling. Or will it? “There are actually quite a few ideas. What they’re doing is getting around the debt limit in a way that technically isn’t raising debt, but economically is…
Would a $1 Trillion Coin Fix Debt Ceiling? Yes and No, Experts Say
Heads or Tails? White House Rules Out $1 Trillion Platinum Coin
October 5, 2021
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President Joe Biden and his administration will not mint a proposed $1 trillion coin to resolve the U.S. debt ceiling crisis as it is not a “viable” option, White House Press Secretary Jen Psaki confirmed to reporters Monday. “We obviously look at a range of options, and none of those options were viable, either because…
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