Trillion-dollar coin? Washington eyes solution to looming debt crisisUnited States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostTalk of a trillion-dollar US coin has returned to Washington now that Congress is mired in another political impasse over raising the debt ceiling.The idea for the pricey platinum – which would be unprecedented but not necessarily illegal – was originally floated in 2011 as a runaround in the recurring war between Democrats and Republicans over lifting the debt limit to enable the government to pay its bills.Champions of the idea point to a 1997 law, which in theory would allow the Treasury…Read More

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