I’m sick of his face’: Stevie Van Zandt doesn't.... .

2 years ago
28

‘I’m sick of his face’: Stevie Van Zandt doesn't want to see Joe Manchin on TV ever again - Raw Story.
Champions of the idea point to a 1997 law, which in theory would allow the Treasury Secretary to authorize a platinum coin at the value of his or her discretion.
The president could direct the Treasury Secretary to mint a $1 trillion piece that could be deposited in the Federal Reserve and used to cover a big portion of Washington's bills.
To stay up to date with latest top stories, make sure to subscribe to this YouTube channel by clicking the button above this video!
Such a maneuver would bypass Congress, which is again flirting with disaster.
Treasury Secretary Janet Yellen warned on Tuesday that the government would run out of cash unless the federal borrowing cap is lifted.
Accounting 'gimmick'?
Though it may seem far-fetched, the idea got far enough during the 2013 impasse that the Treasury Department explicitly ruled out minting the coin.
Former president Barack Obama alluded to the internal talks over the concept in a January 2017 podcast, just as he was leaving office.

Loading comments...