Wednesday, January 9, 2013

White House Doesn’t Rule Out Ending Debt Ceiling Standoff With $1 Trillion Platinum Coin

White House Doesn’t Rule Out Ending Debt Ceiling Standoff With $1 Trillion Platinum Coin: pWith Congressional Republicans once again threatening to take the nation’s debt limit hostage for spending cuts, economic circles have been abuzz with the possibility that a standoff could be averted via use of a $1 trillion platinum coin. An obscure law, read literally, gives the Treasury Secretary the ability to mint platinum coins of any [...]/p

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