Sen. Mike Lee (R-UT) will introduce legislation this week to prevent the Treasury from minting a $1 trillion platinum coin, a controversial workaround to raising the debt limit.
A coming showdown over the federal debt ceiling has raised interest in options for avoiding a default on the debt if Congress fails to raise the debt ceiling, including the possibility of far-out options, such as the Treasury picking and choosing which debts to pay or even minting a trillion-dollar platinum coin.