Paul Krugman suggests alternative to $1 trillion coin for debt ceiling crisis.
The US government could face a debt-ceiling crisis as soon as June 1, and one potential solution is minting a trillion-dollar platinum coin to pay off debts. However, the Biden administration has not been accepting of this idea. A constitutional workaround is also being considered, as officials look into whether the debt limit itself is constitutional. With just 12 legislative days left in the House before June 1, time is running out for Congress to take action and avoid an economic crisis.