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Trillion-dollar coin? Washington eyes solution to budget impasse

Trillion-dollar coin? Washington eyes solution to budget impasse



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  1. tldr; The idea of minting a trillion-dollar US coin, which would be unprecedented but not necessarily illegal, was originally floated in 2011 as a run-around in the recurring war between Democrats and Republicans over lifting the debt limit to enable the government to pay its bills. The president could direct the Treasury Secretary to mint a $1 trillion piece that could be deposited in the Federal Reserve and used to cover a big portion of Washington’s bills.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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