Trillion-dollar coin - Wikipedia
WEBThe trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins.
What’s the trillion-dollar platinum coin and the debt ceiling? - Vox
WEBMay 12, 2023 · Progressives have [now] caught on to the game, which is why the trillion-dollar coin (and big spending plans of Bernie Sanders and AOC) resonate with the Democratic base.
Debt Ceiling Solution: $1 Trillion Platinum Coin Could Stop Crisis ...
WEBMay 3, 2023 · One potential solution: Minting a trillion dollar platinum coin to pay off debts and avert disaster. The coin is unlikely to fly, but Biden aides are looking at other legal workarounds.
Is minting a $1 trillion platinum coin the answer to the debt …
WEBOct 7, 2021 · The last-minute minting of a platinum coin valued at $1 trillion has been proposed as a solution to the debt ceiling crisis.
The Trillion-Dollar Coin Might Be the Least Bad Option - The Atlantic
WEBJan 24, 2023 · Grey: The Treasury secretary has the Mint create a trillion-dollar platinum coin. It deposits it at the Fed, which credits the Treasury for the full base value of the coin.
Trillion-Dollar Coin: Meaning, Examples, and Use Cases - Investopedia
WEBMar 24, 2024 · The trillion-dollar coin is a proposed platinum coin with a face value of $1 trillion, which could be used to reduce the national debt.
What's the deal with the platinum coin? - NPR
WEBJan 26, 2023 · Today on the show, an extra extraordinary measure—a single, trillion-dollar platinum coin to fund the government's spending. We hear from Willamette University assistant law professor Rohan Grey...
The pros and cons of the trillion-dollar coin - The Week
WEBMay 4, 2023 · With Republicans and Democrats gridlocked over the issue, another option has emerged as a possible-fail safe: The trillion-dollar platinum coin.
A $1 Trillion Platinum Coin Could Be a Way Around the Debt …
WEBSep 28, 2021 · A loophole in the law that prescribes the types of coins that can legally be minted in the US theoretically allows the Treasury Department to mint a $1 trillion platinum coin, deposit it...
The Trillion-Dollar Question: Could a Coin Save the Day? - The …
WEBFeb 2, 2023 · WASHINGTON — The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem...