Heads or Tails? White House Rules Out $1 Trillion Platinum CoinEpoch Times, United States politics | The Epoch Times

President Joe Biden and his administration will not mint a proposed $1 trillion coin to resolve the U.S. debt ceiling crisis as it is not a “viable” option, White House Press Secretary Jen Psaki confirmed to reporters Monday. “We obviously look at a range of options, and none of those options were viable, either because they wouldn’t be accepted by the Federal Reserve, by the guidance of our Treasury Secretary, or just by legal restrictions,” she said. House Speaker Nancy Pelosi (D-Calif.) recently revealed to the press that the Democrats are exploring a wide range of strategies to dealing with the borrowing limit in the future. One of these measures includes minting a $1 trillion coin, noting that Rep. Jerry Nadler (D-N.Y.) had raised this proposal—both in 2013 and 2021. Rep. Rashida Tlaib (D-Mich.) also showed her support for the concept by recently tweeting “#MintTheCoin.” Treasury Secretary Janet Yellen is …Read More

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