Quote from: tonykay on August 14, 2014, 03:12:30 AM

Could a trillion-dollar coin stop the next crisis?

It's an old-fashioned standoff. Congressional Republicans hope to use the upcoming vote on the debt ceiling to force President Barack Obama to make unpopular spending cuts. The president says he won't negotiate over the debt ceiling. But if the debt ceiling isn't raised, America's credit rating could suffer and so could the economy.+
In recent days, some outsiders have begun urging Obama to use a loophole straight from a James Bond movie: Minting a trillion-dollar coin.

The U.S. has already hit the debt ceiling.

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