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Because the Mint has the legal authority to mint such a coin. But the Treasury department cannot issue debt in excess of the debt ceiling. Congress can fix all
by andrewla 5y ago
Because the Mint has the legal authority to mint such a coin. But the Treasury department cannot issue debt in excess of the debt ceiling.
Congress can fix all this with a stroke of a pen, but eliminating the debt ceiling or lowering appropriated spending below what the debt ceiling would require. This is just a cheap trick to allow the executive to bypass the debt ceiling/government shutdown shenanigans.