CONGRESSMAN: Here's Why I'm Introducing Legislation To Ban The Trillion-Dollar Platinum Coin

Earlier today, Congressman Greg Walden (R-OR) announced plans to introduce legislation to ban the Treasury from minting high-value platinum coins and using said coins to get around the debt ceiling. He says he does think that under current law such coins would allow the Treasury to circumvent the debt ceiling, but that he "couldn't believe" it is gaining traction as a serious proposal. "I'm not a lawyer, so let me start with that. But the gentleman who is promoting it is the top Democrat on the ...