The coin's the only one that's strong enough," Rohan Grey, an assistant professor at Willamette University College of Law, told Insider. But they keep not actually being strong enough. "At this point, if any of the other solutions, the so-called more serious solutions would work, then they would've been used by now. That's led to a school of thought that says Yellen should simply mint a trillion-dollar platinum coin and deposit it to pay off the debts until a more permanent solution can be found. The Treasury Department can mint platinum coins of any denomination. The coin - which wouldn't need to be bigger than an average coin, and can be made quickly - is part of a potential debt-ceiling loophole. Some economists say that means it's time for a break-the-glass option: a trillion-dollar coin. President Joe Biden said he would veto that legislation, and continues to insist upon a clean raise. The House GOP narrowly passed a bill last week that would tie massive budget cuts to a one-year increase, which Senate Democrats have proclaimed dead on arrival. Even a short default could cost the country almost a million jobs and trigger a recession.īut Republicans and Democrats are still waiting for the other to blink. Treasury Secretary Janet Yellen said that the government could run out of money to pay its debts as soon as June 1, triggering a never-before-seen debt-ceiling crisis. The US is hurtling towards an entirely preventable economic crisis, and a trillion-dollar coin could solve all of its problems - if the Biden administration decides to take it seriously. The coin is unlikely to fly, but Biden aides are looking at other legal workarounds. One potential solution: Minting a trillion dollar platinum coin to pay off debts and avert disaster. The government could run out of money to pay its debts as soon as June 1, and Congress hasn't acted. To order your coins, add the items to your shopping cart and complete the fast, secure checkout process.US Secretary of the Treasury Janet Yellen and Second Gentleman Douglas Emhoff on a tour of the Denver Mint on Main Denver, Colorado. Order Your Colorized Presidential Colorized Dollar Coins at Fantastic Online PricesĪs an American Mint customer, you'll always get the best value for your money - many of our colorized presidential dollar coins are available at deeply discounted online prices. All our coins display the quality, craftsmanship, and attention to detail that distinguishes American Mint pieces from our competitors. government policies in the late 19th century. You will also find a captivating piece that pays tribute to Sitting Bull, the head of the Lakota Nation who led the resistance against restrictive U.S. Our compilation consists of beautiful colorized presidential dollar coins that honor the legacy of leaders such as Reagan, Obama, and Washington. Today, American Mint offers an extensive selection of enhanced coins to add beauty to your home collection.
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