Trillion Dollar Coins: The Ultimate Debt Ceiling End-Around? »

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The Saint-Gaudens double eagle, a twenty-dollar gold coin, or double eagle, produced by the United States Mint from 1907 to 1933. (United States Mint/Wikimedia Commons) With President Obama having kicked off debt ceiling negotiations by vowing not to negotiate over the debt ceiling, a new option for paying off the nation’s considerable tab is gaining momentum with cheeky fiscal and monetary wonks. It goes like this: Should Congress fail to extend the U.S. debt limit — reached again on Dec. 31 — the president could ask the Treasury to begin printing trillion dollar coins (in a process explained mostly seriously… Source Main page (current trends)

More about: Debt Ceiling, Dollar Coins, double eagle, President Obama, Saint-Gaudens double eagle, The Ultimate Debt Ceiling, the United States Mint, United States

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