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News Link • Government Debt & Financing

White House Seriously Considered Minting A Trillion Dollar Platinum Coin

It was an idea pushed mostly by bloggers to allow the Treasury Department to avoid hitting the debt ceiling without any Congressional action.
Treasury would mint a trillion dollar platinum coin, deposit it at the Federal Reserve and use those funds to make future payments. Just like that, the debt ceiling would be effectively eliminated.
Turns out, the Obama administration seriously considered minting the coin, according to the Huffington Post:

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