The coin could be deployed to help bridge the gap between the money running out and the debt ceiling increasing.
www.axios.com
A trillion-dollar platinum coin could be minted "within hours of the Treasury Secretary's decision to do so," Philip Diehl, former director of the United States Mint, tells Axios.
Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and
time is running out. In case of emergency, a trillion-dollar coin
could be deployed to bridge any gap between the money running out and the debt ceiling being raised.
"Voila, we'd have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation," says Diehl.