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White House nixes idea for trillion-dollar coin

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WASHINGTON (AP) -- The White House has ruled out minting a coin worth $1 trillion to pay the government's bills and avoid a nasty battle with Congress over the debt ceiling. Some of President Barack Obama's liberal allies have been promoting the coin strategy. But White House spokesman Jay Carney nixed that option Saturday. Carney says there are just two options: Congress either can pay the tab...