Treasury takes $1 trillion coin off the table1/13/2013
Coin collectors and comic book villains, take note: The federal reserve will not be minting a trillion-dollar platinum coin to circumvent the debt ceiling. Although the "Trillion Dollar Coin Plan" has started to gain some publicity, a spokesman for the Treasury told the Washington Post, "Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit." Now that the magical coin plan is off the table, we're left waiting on an even more fanciful solution: a Congressional compromise. [Source]
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