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White House rules out unilateral debt ceiling hike, not trillion-dollar coin

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President Obama’s spokesman bobbed and weaved and generally refused to rule out the possibility that the Treasury Department might mint a coin worth $1 trillion if Congress fails to raise the debt ceiling, although he ruled out raising the debt ceiling unilaterally. “There is no Plan B, there is no back-up plan, there is Congress’ responsibility to pay the bills of the United States,” White...

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