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Congressman introduce bill to ban minting of trillion-dollar coin

Dainsanefh (2009638) writes | about 2 years ago

0

Dainsanefh (2009638) writes "Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown.

Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins.

The trillion-dollar coin has been previously discussed on Slashdot:
http://news.slashdot.org/story/11/07/30/1351209/seigniorage-hack-could-resolve-debt-limit-crisis"

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