So I guess we are all concluding that by saying there is "no backup plan" Carney actually has the trillion coin in his pocket?—
Ben White (@morningmoneyben) January 09, 2013
The idea of having the U.S. Treasury mint a couple of trillion-dollar platinum coins to get around the limit of the debt ceiling just won’t go away. The idea has been floating around for months and has gained enough momentum (much of it through a #mintthecoin hashtag) for reporters to ask White House Press Secretary Jay Carney if the administration is considering the idea. Carney referred reporters to the Treasury but didn’t rule out the idea. And why would he? The debt ceiling is the House’s leverage in any fiscal cliff negotiations with the president, and the trillion-dollar coin would render that bargaining chip meaningless.
By my count, Carney was asked about the $1 trillion platinum coin today 12 times—
Igor Bobic (@igorbobic) January 09, 2013
Chuck Todd asks about the coin! Carney: "Uh, I would simply go back to what I said" about Congress needing "to pay its bills."—
jennifer bendery (@jbendery) January 09, 2013
Carney on trillion dollar coin: "I would simply go back to what I said: the option here is for Congress to do its job and pay its bills."—
Eamon Javers (@EamonJavers) January 09, 2013
CARNEY DOES NOT RULE OUT $1 TRILLION COIN—
Matt Yglesias (@mattyglesias) January 09, 2013
Carney refusing to rule out the $1T coin. MINTTHECOIN LIVES—
Zeke Miller (@ZekeJMiller) January 09, 2013
Wiggle room Carney left on platinum coin says nothing about whether we'll ultimately mint one, but that WH happy to dangle it as a threat.—
Brian Beutler (@brianbeutler) January 09, 2013
As enticing as the trillion-dollar coin may be to some, not everyone’s a fan. These people can often be identified by the #SpendingIsTheProblem hashtag, which is still chugging along.
Jay Carney: Obama won't "rule out" minting a $1 trillion coin. Yep. They're insane. And what an acute embarrassment for our nation.—
Ken Gardner (@kesgardner) January 09, 2013
We’re not counting on hearing that from Carney, and it looks like the Treasury isn’t willing to take the coin off the table either.
Platinum Coin Watch 2k13: Carney deferred further questions to Treasury, Treasury just said they had nothing further than Carney.—
Annie Lowrey (@AnnieLowrey) January 09, 2013