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India On Media |
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| Politics
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| White House does not rule out minti |
| White House does not rule out minting $1 trillion coin
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| UNITED STATES OF AMERICA
, 10-January-2013
10:14:57 AM |
| The White House has not categorically ruled out the possibility of minting a USD 1 trillion coin if the US Congress fails to raise the debt limit.
"Look, there is no Plan B. There is no backup plan.
There is Congress' responsibility to pay the bills of the United States," the White House Press Secretary Jay Carney told reporters yesterday, when asked if the 14th Amendment gives Barack Obama Administration the power to mint a USD 1 trillion coin.
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