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US Treasury says the $1 trillion coin is not happening

Published Last updated This article is more than 2 years old.

A link from Reuters

So it wasn’t just a joke? The US Treasury and Federal Reserve say they are not creating $1 trillion by minting platinum coins. The idea actually gained some currency among Democrats in recent days as a way of sidestepping congressional Republicans who threaten to reject a necessary increase in the debt ceiling unless deep spending cuts are made. Now they’re all back to the drawing board.

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