Political Headlines January 13, 2013: White House Denies Call for Trillion-Dollar Coin to Avoid Debt Ceiling

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

White House Denies Call for Trillion-Dollar Coin to Avoid Debt Ceiling

Source: ABC News Radio, 1-13-13

The Obama administration has killed any notion of minting trillion-dollar platinum coins to solve the nation’s debt ceiling woes.

In a written statement released Saturday, White House Press Secretary Jay Carney says there are only “two options” to deal with the looming need for the U.S. government to pay creditors for federal funding it has already spent. Minting the proposed currency to pay it off and avoid an impending battle with Capitol Hill is not one of them.

“Congress can pay its bills or it can fail to act and put the nation into default,” he writes….READ MORE

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