Trillion dollar coin idea *finally* goes down in flames.

By: Moe Lane (Diary)  |  January 12th at 06:30 PM  | 

About freaking time, too. Forget about the government minting a $1 trillion coin to solve its debt-limit crisis. Treasury Department spokesman Anthony Coley said Saturday that neither his department nor the Federal Reserve believes the law can or should be used to produce such a coin to avoid a coming battle with Congress over government borrowing. Some of President Barack Obama’s liberal allies have been | Read More »

Will Obama Mint a Trillion Dollar Coin to Circumvent Debt Debate?

By: Brad Jackson (Diary)  |  January 7th at 10:00 AM  | 

On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the minting of a trillion dollar coin as a potential work around of the debt limit debate, what impacts it would have on the market and if this super-coin could work in a Coke machine.

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