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You are here: Home / Top Stories / The Wall Street Journal: Yellen dismisses minting $1 trillion coin to avoid federal default

The Wall Street Journal: Yellen dismisses minting $1 trillion coin to avoid federal default

January 22, 2023 by MarketWatch.com - Top Stories

Treasury Secretary Janet Yellen said the Federal Reserve likely wouldn’t accept a $1 trillion platinum coin if the Biden administration tried to mint one to avoid breaching the debt limit, dismissing an idea that has been floated to circumvent Congress on the issue.

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