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The Guardian - US
The Guardian - US
Business
Lauren Aratani

Can a trillion-dollar coin end the US debt-ceiling standoff?

Treasury secretary Janet Yellen has dismissed the idea of a trillion-dollar coin herself multiple times.
Treasury secretary Janet Yellen has dismissed the idea of a trillion-dollar coin herself multiple times. Illustration: Ulises Mendicutty/The Guardian

Picture this: debate over the debt ceiling is in the 11th hour and the US is almost reaching default.

Members of Congress are hurrying around the US Capitol, holding press conferences and getting into arguments. As Republicans and Democrats rail against each other, an unlikely savior appears. A platinum coin is minted as a machine stamps it with “One Trillion Dollars”, which is then given to the US central bank.

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