The clock is ticking on America's debt ceiling. Treasury Secretary Janet Yellen announced this week that the federal government will "run out of money to pay its bills" if Congress does not raise the debt limit by June 1. With Republicans and Democrats gridlocked over the issue, another option has emerged as a possible-fail safe: The trillion-dollar platinum coin. The notion has been around for a few decades, and the proposal is exactly what it sounds like: The U.S. Mint would simply "issue a ne...
The clock is ticking on America's debt ceiling. Treasury Secretary Janet Yellen announced this week that the federal government will "run out of money to pay its bills" if Congress does not raise the debt limit by June 1. With Republicans and Democrats gridlocked over the issue, another option has emerged as a possible-fail safe: The trillion-dollar platinum coin. The notion has been around for a few decades, and the proposal is exactly what it sounds like: The U.S. Mint would simply "issue a ne...
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