Sunday 19 September 2021

The Biden administration could sidestep McConnell's refusal to pay America's bills by minting a $1 trillion platinum coin

The Biden administration could sidestep McConnell's refusal to pay America's bills by minting a $1 trillion platinum coin

A new fight over the debt ceiling is brewing on Capitol Hill. Senate Minority Leader Mitch McConnell has firmly dug in on refusing GOP help to renew the US's ability to pay off its bills, known as the debt ceiling. Instead, the Kentucky Republican said it's up to Democrats to raise it in order to finance their social spending plans on healthcare, education, and childcare. He insists he's not "bluffing."
Read more: https://www.businessinsider.com/mint-1-trillion-platinum-coin-debt-ceiling-2021-9?source=Snapzu

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