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IPFS News Link • Federal Reserve

Trillion Dollar Coins: The Ultimate Debt Ceiling End-Around?

• ABC News
Should Congress fail to extend the U.S. debt limit — reached again on Dec. 31 — the president could ask the Treasury to begin printing trillion dollar coins (in a process explained mostly seriously by Jim Pethokoukis on his American Enterprise Institute blog), a number of which could then be put toward fulfilling debt obligations in the event new legislation stalls in Congress.

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