One Coin can Save America from Default
As the United States faces a looming debt crisis, Republicans and Democrats are struggling to reach an agreement to avert default. To prevent the country from defaulting and to safeguard the global economy, experts have proposed issuing One Coin can Save America from Default, a one trillion dollar platinum coin. While the Treasury Secretary has dismissed the idea, some officials in the Biden administration remain open to considering it. This article examines the implications and viability of issuing such a coin amidst ongoing negotiations between the two parties and the increasing pressure to raise the debt ceiling.