Republicans' idea of a $1T platinum coin to pay off debts resurfaces
A $1 trillion platinum coin could save the US from economic catastrophe in less than a month. It would be fast, legal, and no bigger than a regular coin. trib.al/G8IBhOY
Politician
Mitch McConnell
RepublicanSenateKY
Trades
15
Issuers
4
Volume
212K
Back in 2021, Lawmakers used a loophole in the law to propose an idea for minting a $1 trillion worth platinum coin that would be deposited to the Federal Reserve to pay off debts.
The idea, which has reportedly been making rounds since Obama's presidency, now looks to be a grand solution for an upcoming crisis.
But the Biden administration have yet to take the idea seriously.