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Is Joe Biden a trillion-dollar coin kind of president?

·6 min read
Is Joe Biden a trillion-dollar coin kind of president?
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Luckily, president Joe Biden can solve the problem, if he’s willing to think outside of the box and a mint a trillion-dollar coin. To speed things up in the 20th century, lawmakers decided to replace this process with a debt limit in order to streamline things. The US is now mere weeks away from hitting that limit—because borrowing needs fluctuate with incoming taxes and outgoing spending, we can only forecast this roughly—at which point Treasury secretary Janet Yellen will have some tough decisions to make about how to fulfill her constitutional obligation to preserve the full faith and credit of the US.