So some think that the government can resolve the debt-limit debate just by minting a $1 trillion platinum coin and depositing it with the Fed? Who are they trying to kid? The proposal revolves around ...

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A $1 trillion coin could be minted within hours of an emergency decision by Treasury Secretary Janet Yellen to avert a default on America's debts. Philip Diehl, the director of the US Mint from 1994 ...

The $1 trillion coin. It sounds like the title of a film or a novel. It is, however, a political/economic theory that some maintain could provide a plan B for US authorities if a deal cannot be struck ...

Some politicians think they've found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the ...

To say a default would be catastrophic would be a tremendous understatement. The shockwave would almost certainly push the country into a recession, threatening any gains made by non-wealthy people in ...

The possibility that the federal government will soon be unable to finance its normal operations has become very real. As I wrote in my last column, this won’t be because investors view U.S. debt as ...

President Biden and House Republicans are locked in a showdown over the nation's debt ceiling, with the administration ruling out negotiations over conservative demands to cut government spending in ...

President Biden and House Republicans are locked in a showdown over the nation’s debt ceiling, with the administration ruling out negotiations over conservative demands to cut government spending in ...