Trillion-dollar coin

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The trillion-dollar coin is a concept that emerged during the 2011 United States debt-ceiling crisis as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions, and reached the headlines during the week of January 7, 2013. The Federal Reserve and the Treasury ultimately rejected use of the trillion-dollar coin concept. Congresswoman Rashida Tlaib reintroduced the concept of the trillion-dollar coin in March 2020 in the form of a congressional proposal during the shutdown caused by the COVID-19 pandemic in the United States. Tlaib sought to fund monthly $2,000 recurring stimulus payments until the end of the pandemic. The idea gained further traction in late 2021 with propositions by Bloomberg journalist Joe Weisenthal among...

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