Sunday, January 22, 2023
Treasury Secretary Janet Yellen said the Federal Reserve likely wouldn't accept a $1 trillion platinum coin if the Biden administration tried to mint one to avoid breaching the debt limit, dismissing an idea that has been floated to circumvent Congress on the issue. The impasse between Republicans and Democrats over raising the debt limit has renewed interest in both parties about what contingency steps the Treasury could take if Congress fails to raise the debt ceiling.
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