News

Here’s the hard deadline for fixing the debt ceiling crisis (by minting a $1 trillion coin)

The quick model of the story is that former Delaware congressman Mike Fort (R) wished to assist collectors of commemorative cash. So, in 1995, he introduced legislation giving the Treasury Division extra flexibility within the cash it might produce. That resulted within the Commemorative Coin Authorization and Reform Act of 1995, which allowed the division to “mint and concern bullion and proof platinum cash in accordance with such specs, designs, varieties, portions, denominations, and inscriptions because the Secretary, within the Secretary’s discretion, might prescribe now and again.”

https://www.washingtonpost.com/politics/2021/10/06/heres-hard-deadline-fixing-debt-ceiling-crisis-by-minting-1-trillion-coin/?utm_source=rss&utm_medium=referral&utm_campaign=wp_politics | Right here’s the onerous deadline for fixing the debt ceiling disaster (by minting a $1 trillion coin)

huynh995

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

three × five =

Back to top button