So much for the $1 trillion platinum coin idea.
The White House on Wednesday sees little profit in the notion of minting $1 trillion platinum coin as an escape hatch to avoid a debt default if Congress balks at raising the U.S. debt limit.
Rep. Jerry Nadler (D-N.Y.) wants the government to mint a platinum coin worth…a cool $1 trillion..
If you had to flip a coin over whether Congress will raise the debt ceiling, here’s the ultimate one - a freshly minted trillion-dollar platinum coin.