trillion-dollar coin

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Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show

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The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist Jason Leopold show that, even though it was considered outrageous by some, it was seriously … Read more

Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default

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As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value. By delivering such a coin to the … Read more