Dozens of House Democrats believe it is time to eliminate the debt ceiling and instead allow unlimited borrowing so the government can spend whatever it needs. The federal government is entrenched in another battle over the debt ceiling after Washington hit its borrowing limit of about $31.4 trillion last week. As a result, the Treasury…
House Democrats Propose Eliminating Debt Ceiling; Yellen Shoots Down $1 Trillion Coin
January 24, 2023
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Business & MarketsDemocratsJanet YellenPlatinum coinPolicies & ImpactsPoliticsrecessionUSUS debt ceilingUS News
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Heads or Tails? White House Rules Out $1 Trillion Platinum Coin
October 5, 2021
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$1 trillion coinBusiness & Economydebt ceilingEconomieseconomyExecutive BranchPlatinum coinPoliticsUS
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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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