🔗 Trillion-dollar coin

🔗 United States/U.S. Government 🔗 United States 🔗 Finance & Investment 🔗 Politics 🔗 United States/District of Columbia

The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis in 2011, as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury..

The concept of the trillion-dollar coin was reintroduced in March 2020 in the form of a congressional proposal during the 2020 stock market crash.