Going for Broke: Can the ‘Gimmicky’ Trillion-Dollar Coin’ Save America From Debtpocalypse?

The showdown between Democrats and Republicans over the debt ceiling shows no signs of abating, with neither side willing to back down in spite of an 18 October deadline by which time the Treasury expects the US to run out of money. Amid the chaos, officials have explored the idea of minting a ‘trillion-dollar coin’ to stop the US from going broke.