The Volokh Conspiracy

Mostly law professors | Sometimes contrarian | Often libertarian | Always independent

As We Creep Towards The Debt Ceiling, Will The Trillion Dollar Coin Return?

A constitutional throwback to 2013.


At some point in October, the federal government will reach the so-called "debt ceiling."  Back in 2013, the federal government faced a similar deadline. Several law professors urged the Obama Administration to mint a trillion dollar coin, which would–in theory at least–allow the government to continue borrowing money. Will the Biden Administration endorse this proposal if the ceiling is not lifted?