Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able...
In response to:
Won't anything happen till monday that's why Sybil can spam a dozen strings and TH will lose more readers.
- US intel: MH17 missile an SA-11 fired from eastern Ukraine Ed Morrissey 13 minutes ago
- White House giving up fight over Obamacare’s contraception mandate? Noah Rothman 54 minutes ago
- Kerry arrives in Israel for cease-fire talks Ed Morrissey 1 hour ago
- Quotes of the day Allahpundit 10 hours ago
- Sally Kohn: How can Israel supporters argue the IDF’s violence is justified, but Hamas’ isn’t? Guy Benson 11 hours ago
- Most transparent administration ever closes Apollo 11 anniversary event to press Mary Katharine Ham 12 hours ago