While there had been an increased amount of talk about the somewhat absurd solution to the debt ceiling problem of minting a trillion-dollar coin and using it to pay the nation's debts, the Treasury has officially come out now to say that, on grounds of questionable legality, it is refusing to use such an option. In this video, Motley Fool financial analyst Matt Koppenheffer tells us why this is probably a good thing, and discusses whether investors should be worried about the coming debt ceiling now that the platinum coin is off the table.
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The article Mint the Coin Goes Down in Flames originally appeared on Fool.com.
Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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